| Submit your comments on this article |
| Economy |
| 156,945,000: 2018 Ends With Record Employment; Participation Rate Hits Trump-Era High |
| 2019-01-05 |
| (CNSNews.com) - Amid concerns about trade with China and rollercoaster stock markets, the final employment report of 2018 counts as good news. The Labor Department's Bureau of Labor Statistics said on Friday the economy added an impressivve 312,000 jobs in December, which was a month of strong retail sales; and the nation's unemployment rate increased two-tenths of a point to 3.9 percent, which is still an 18-year low. The number of employed Americans has now set a 14th record under Trump: When Trump became president in January 2017, 152,076,000 Americans were employed. Last month, that number grew to a record 156,945,000, a gain of 4,869,000 in two years. At the same time, the number of unemployed Americans increased by 276,000 last month, to 6,294,000, as more people were actively looking for work but had not found a job. In another positive sign, the labor force participation rate increased two-tenths of a point to 63.1 percent, the highest it's been since Trump took office. In December, the nation’s civilian noninstitutionalized population, consisting of all people age 16 or older who were not in the military or an institution, reached 258,888,000. Of those, 163,240,000 participated in the labor force by either holding a job or actively seeking one. |
| Posted by:Besoeker |
| #7 Black unemployment was at (allegedly) record lows, but the Dems still won 90% of the black vote in 2018. http://www.pewresearch.org/fact-tank/2018/11/08/the-2018-midterm-vote-divisions-by-race-gender-education/ The economy was in a de facto depression in 2012 and Obama won re-election. If the state of the economy is the only or main factor in how people vote, then how do we explain those numbers? |
| Posted by: charger 2019-01-05 17:45 |
| #6 Sadly getting free stuff without having to lift a finger is also, for far, far, too many; a 'great thing'. |
| Posted by: CrazyFool 2019-01-05 15:26 |
| #5 Regarding pocket book issues got Trump elected. They will get him reelected when the time comes. Getting more in your paycheck is a great thing but actually having a job after possibly years is a great thing. |
| Posted by: ruprecht 2019-01-05 14:58 |
| #4 Unfortunately, recent events show that pocket book issues are not the determining factor that they once were. Otherwise, Romney would have won in 2012, and the GOP would not have lost this House. Now, the response to that might be "Well, the GOP threw the House and Romney sucked." All true, but it buttresses my point. Having a good economy is not enough to win any more. With one significant exception, most population groups in this country voted by identity. And no amount of rah-rah about the economy, unemployment or the stock market will change that fact. |
| Posted by: charger 2019-01-05 13:50 |
| #3 I'd say there's a fair few leaks that get traded on and when the leaky Fed person leaves the job they get a sinecure in a non-job from a economically rentier firm. |
| Posted by: Bright Pebbles 2019-01-05 12:03 |
| #2 As interest rates rise higher the ponzi scheme of borrowing is in danger of collapsing. 'The Fed' provides a useful function as relief valve and insider trading agent. As 'The Fed' announces rate hikes, the market sells off, usually at a high. As 'The Fed' backs off the proposed rate hike, the market springs back with a massive 'buy'....usually at a low. Do you suppose the same people 'selling off' are also buying ? |
| Posted by: Besoeker 2019-01-05 07:20 |
| #1 Might be record LEGAL employment, i.e. colonists de-colonising. Of course as the wages of average legally employed person improved the establishment welfare state (AKA the fed) will raise rates at this "harmful" inflation, when they ignored the actual harmful inflation occurring in land affordability. |
| Posted by: Bright Pebbles 2019-01-05 07:06 |