Economist reveal​ 'clear pain point' in Trump’s economy that jobs report misses (opens in new tab)

gained 172,000 jobs in May. But while President Donald Trump may be patting himself on the back, one respected economist warns that the good news misses a “clear paint point” that shows the economy is shakier than the job numbers suggest. “This is the clear pain point in the economy,” posted Heather Long, chief economist at Navy Federal. “Wage growth in May was the lowest in 5 years. May wage gains: 3.4 percent (for past year). May inflation: Likely to be ~4 percent.”That’s bad math for the e...