The Reality Behind the ‘Surging’ Economy
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May 9, 2019 | ECONOMY | The big headline numbers do sound encouraging. The unemployment rate is down to 3.6%, the lowest since 1969. Average earnings are finally outpacing inflation, the stock market has been hitting record highs, and the first quarter of 2019 had the fastest annualized growth rate (3.2%) since 2015. And yet most of the gains from our growing economy are still going to those who least need a boost…Despite the overall tightening of the labor market, a large share of U.S. jobs are still “precarious,” with little security in terms of retirement benefits, affordable health insurance, or predictable scheduling… Truthout
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