{"id":1006179,"date":"2019-08-16T13:25:14","date_gmt":"2019-08-16T13:25:14","guid":{"rendered":"https:\/\/democrats.org\/?p=1006179"},"modified":"2024-05-23T20:03:51","modified_gmt":"2024-05-23T20:03:51","slug":"july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/","title":{"rendered":"July in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off"},"content":{"rendered":"

\"\"<\/p>\n

Real wages didn\u2019t go up, costs didn\u2019t go down, jobs haven\u2019t come back, and Trump\u2019s tax law didn\u2019t pay for itself or benefit workers. Just take a look at economic news over the past month:<\/p>\n

REAL WAGES FELL IN JULY: Real average hourly and weekly earnings for all workers and for production and nonsupervisory workers declined for the month of July.<\/p>\n

CNBC<\/a>: \u201cOn the wages front, real average hourly earnings, when adjusted for inflation and hours worked, fell 0.1% for the month while real average weekly earnings were off 0.3%. On a year-over-year basis, the respective gains were 1.3% and 0.8%.\u201d<\/p>\n

BLS<\/a>: \u201cReal average hourly earnings for production and nonsupervisory employees decreased 0.2 percent from June to July\u2026 Real average weekly earnings decreased 0.5 percent over the month due to the decrease of 0.2 percent in real average hourly earnings combined with a decrease of 0.3 percent in average weekly hours.\u201d<\/p>\n

CONSUMER COSTS ROSE IN JULY: The cost of gas increased in July and health care costs jumped by 0.5% in July, after they had already increased by 0.3% in June.<\/p>\n

CNBC<\/a>: \u201cConsumer prices rose more quickly than expected in July as gasoline reversed a two-month decline and the cost for rent continued to climb. \u2026 Healthcare costs jumped 0.5% after advancing 0.3% in June.\u201d<\/p>\n

MANUFACTURING DECLINED IN JULY: Manufacturing output fell in July for the fifth time in the first seven months of the year.<\/p>\n

Associated Press<\/a>: \u201cThe Federal Reserve said Thursday that the overall decline was caused primarily by a 0.4% drop last month in manufacturing production. Output decreased for autos, fabricated metals, wood products, textiles and plastics and rubber products. Over the past 12 months, factory production has fallen 0.5%.\u201d<\/p>\n

THE DEFICIT FOR 2019 HAS NOW REACHED 2018\u2019s FULL-YEAR FIGURE, according to the Treasury Department\u2019s report.<\/p>\n

Bloomberg<\/a>: \u201cThe U.S. fiscal deficit has already exceeded the full-year figure for last year, as spending growth outpaces revenue. The gap grew to $866.8 billion in the first 10 months of the fiscal year.\u201d<\/p>\n

NEW DATA SHOWS FOREIGN COMPANIES HAVE INVESTED LESS in the United States under Trump than they did under Obama, according to the Commerce Department.<\/p>\n

New York Times<\/a>: \u201cForeign investment in the United States grew at a slower annual pace in the first two years of Mr. Trump\u2019s tenure than during Barack Obama\u2019s presidency, according to Commerce Department data released in July.\u201d<\/p>\n

THOUSANDS MORE WORKERS WERE LAID OFF: After savings hundreds of millions of dollars from Trump\u2019s tax law, Lowe’s announced it will lay off thousands of workers and it won\u2019t offer them severance.\u00a0 Lowe\u2019s spent billions to buy back its own stock, benefiting shareholders.<\/p>\n

CBS News<\/a>: \u201cYet when thousands of those workers recently got the boot, they received no notice and no severance. Instead, Lowe’s — a profitable company that spends billions buying back its own stock — offered the equivalent of two weeks \u2018transition\u2019 pay to full-time workers, some with the company more than a decade.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Real wages didn\u2019t go up, costs didn\u2019t go down, jobs haven\u2019t come back, and Trump\u2019s tax law didn\u2019t pay for itself or benefit workers. Just take a look at economic news over the past month: REAL WAGES FELL IN JULY: Real average hourly and weekly earnings for all workers and for production and nonsupervisory workers […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1006179","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nJuly in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-16T13:25:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T20:03:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2019\/08\/War-Room.png?w=300\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/\",\"url\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/\",\"name\":\"July in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off - Democrats\",\"isPartOf\":{\"@id\":\"https:\/\/democrats.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/democrats.org\/wp-content\/uploads\/2019\/08\/War-Room.png?w=300\",\"datePublished\":\"2019-08-16T13:25:14+00:00\",\"dateModified\":\"2024-05-23T20:03:51+00:00\",\"author\":{\"@id\":\"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564\"},\"breadcrumb\":{\"@id\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/democrats.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"July in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/democrats.org\/#website\",\"url\":\"https:\/\/democrats.org\/\",\"name\":\"Democrats\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/democrats.org\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564\",\"name\":\"Claire DePree\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/democrats.org\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g\",\"caption\":\"Claire DePree\"},\"url\":\"https:\/\/democrats.org\/news\/author\/depreec\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"July in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off - Democrats","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/","og_locale":"en_US","og_type":"article","og_site_name":"Democrats","article_published_time":"2019-08-16T13:25:14+00:00","article_modified_time":"2024-05-23T20:03:51+00:00","og_image":[{"url":"https:\/\/democrats.org\/wp-content\/uploads\/2019\/08\/War-Room.png?w=300","type":"","width":"","height":""}],"author":"Claire DePree","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Claire DePree","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/","url":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/","name":"July in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off - Democrats","isPartOf":{"@id":"https:\/\/democrats.org\/#website"},"primaryImageOfPage":{"@id":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#primaryimage"},"image":{"@id":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#primaryimage"},"thumbnailUrl":"https:\/\/democrats.org\/wp-content\/uploads\/2019\/08\/War-Room.png?w=300","datePublished":"2019-08-16T13:25:14+00:00","dateModified":"2024-05-23T20:03:51+00:00","author":{"@id":"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564"},"breadcrumb":{"@id":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/democrats.org\/news\/july-in-trumps-economy-real-wages-fell-consumer-prices-rose-more-workers-laid-off\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/democrats.org\/"},{"@type":"ListItem","position":2,"name":"July in Trump\u2019s Economy: Real Wages Fell, Consumer Prices Rose, More Workers Laid Off"}]},{"@type":"WebSite","@id":"https:\/\/democrats.org\/#website","url":"https:\/\/democrats.org\/","name":"Democrats","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/democrats.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/democrats.org\/#\/schema\/person\/c31239f43161314a03057960c56c0564","name":"Claire DePree","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/democrats.org\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/262c0b3f1914330fe3241c699fd21798ee92a8504fc6296028e8fa17334d1151?s=96&d=mm&r=g","caption":"Claire DePree"},"url":"https:\/\/democrats.org\/news\/author\/depreec\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/1006179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/users\/263"}],"replies":[{"embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/comments?post=1006179"}],"version-history":[{"count":1,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/1006179\/revisions"}],"predecessor-version":[{"id":1006180,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/posts\/1006179\/revisions\/1006180"}],"wp:attachment":[{"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/media?parent=1006179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/categories?post=1006179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/democrats.org\/wp-json\/wp\/v2\/tags?post=1006179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}