Trump deserves all the credit for our soaring labor market

[Cotton1]

https://www-foxnews-com.cdn.ampproje...g-labor-market


For most of his presidency, Obama benefitted from a steep decline in the percentage of the population working or actively looking for work, which is known as the “labor participation rate.” That’s no small matter.

Our government doesn’t count people as unemployed if they aren’t looking for work. For example, if there were 100 people in the labor force and 10 were unemployed and looking for work, the unemployment rate would be 10 percent. If five of those people stopped looking for work and therefore dropped out of the labor force, the unemployment rate would decline to 5 percent, even though no one actually gained employment.

The unemployment rate due to people dropping out of the labor force is not evidence of economic strength. In fact, if people are leaving the labor force because they can’t find a job, it’s a sign of weakness. On the other hand, reducing the unemployment rate while labor participation is either stable or increasing means the economy is growing and creating jobs.

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[donttread]

https://www-foxnews-com.cdn.ampproje...g-labor-market


For most of his presidency, Obama benefitted from a steep decline in the percentage of the population working or actively looking for work, which is known as the “labor participation rate.” That’s no small matter.

Our government doesn’t count people as unemployed if they aren’t looking for work. For example, if there were 100 people in the labor force and 10 were unemployed and looking for work, the unemployment rate would be 10 percent. If five of those people stopped looking for work and therefore dropped out of the labor force, the unemployment rate would decline to 5 percent, even though no one actually gained employment.

The unemployment rate due to people dropping out of the labor force is not evidence of economic strength. In fact, if people are leaving the labor force because they can’t find a job, it’s a sign of weakness. On the other hand, reducing the unemployment rate while labor participation is either stable or increasing means the economy is growing and creating jobs.

Continue Reading Below

More at link...

Yup. the Home Depot is hiring more people these days. Those employees only require partial government help in order to live.

[alexa]

Yup. the Home Depot is hiring more people these days. Those employees only require partial government help in order to live.

Walmart employees are among the largest groups on food stamp subsidies, according to labor experts.

https://www.reuters.com/article/us-w...-idUSKCN1IQ295

[Crepitus]

https://www-foxnews-com.cdn.ampproje...g-labor-market


For most of his presidency, Obama benefitted from a steep decline in the percentage of the population working or actively looking for work, which is known as the “labor participation rate.” That’s no small matter.

Our government doesn’t count people as unemployed if they aren’t looking for work. For example, if there were 100 people in the labor force and 10 were unemployed and looking for work, the unemployment rate would be 10 percent. If five of those people stopped looking for work and therefore dropped out of the labor force, the unemployment rate would decline to 5 percent, even though no one actually gained employment.

The unemployment rate due to people dropping out of the labor force is not evidence of economic strength. In fact, if people are leaving the labor force because they can’t find a job, it’s a sign of weakness. On the other hand, reducing the unemployment rate while labor participation is either stable or increasing means the economy is growing and creating jobs.

Continue Reading Below

More at link...

Blatantly untrue.

latest_numbers_LNS11300000_2009_2019_all_period_M07_data.gif

Chart straight from BLS

https://www.bls.gov/charts/employmen...ation-rate.htm

[Peter1469]

https://www-foxnews-com.cdn.ampproje...g-labor-market


For most of his presidency, Obama benefitted from a steep decline in the percentage of the population working or actively looking for work, which is known as the “labor participation rate.” That’s no small matter.

Our government doesn’t count people as unemployed if they aren’t looking for work. For example, if there were 100 people in the labor force and 10 were unemployed and looking for work, the unemployment rate would be 10 percent. If five of those people stopped looking for work and therefore dropped out of the labor force, the unemployment rate would decline to 5 percent, even though no one actually gained employment.

The unemployment rate due to people dropping out of the labor force is not evidence of economic strength. In fact, if people are leaving the labor force because they can’t find a job, it’s a sign of weakness. On the other hand, reducing the unemployment rate while labor participation is either stable or increasing means the economy is growing and creating jobs.

Continue Reading Below

More at link...

That is U-3. U-6 captures the slackers.

[MMC]

Oh Andy Puzder the Econ who stuck up for Bo the peep, huh? Yeah he always has links to data including the BLS.



In other words, in Trump’s first 22 months, the unemployment rate has declined 1.1 percentage points to nearly a 50 year low with no concurrent decline in labor participation. The entire decrease has been due to actual job growth in a strengthening economy, rather than people dropping out of the labor force in a stagnant economy.


The numbers are actually even better than they look. Job openings have also increased from about 900 per month in President Obama’s last 21 months to an astounding 78,000 per month under President Trump. That bodes well for an increase in labor participation over time as the Bureau of Labor Statistics (BLS) has reported that in every month since March, there has been more job openings than people unemployed – the first time that’s happened even in a single month since BLS began reporting the data in 2000.


In addition, the Wells Fargo/Gallup Small Business Index reported just this month that optimism among small-business owners has been increasing throughout 2018 to a level higher than at any point in the Index’s 15-year history.


That’s great news for workers. With unemployment low because optimistic businesses are actually hiring more people and creating new job openings, employers are competing for employees, driving wages higher at a pace not seen in nearly a decade.


The BLS recently reported that in both October and November wages for American workers were up 3.1 percent over the prior year, the largest gains since April 2009. Workers are earning more, they’re taking home more of what they earn because of the Republican tax cuts, and they’re spending it as consumer confidence surges driving more economic growth.


These numbers reflect the benefits that flow when the unemployment rate declines because more people are working, rather than because they’re dropping out of the labor force. It’s what happens when government gets out of the way by cutting taxes, slashing regulations, and encouraging domestic energy production......snip~


Of course the leftness doesn't look at those links. You have to remind the leftness that those blue words are to the links supporting Puzders data.

[Peter1469]

If you notice the last ICE raids that cleared up a bunch of jobs for Americans- the companies were flooded with applications. Those are people who were unattached to the job market and not captured by the U-3 unemployment rate.

Oh Andy Puzder the Econ who stuck up for Bo the peep, huh? Yeah he always has links to data including the BLS.



In other words, in Trump’s first 22 months, the unemployment rate has declined 1.1 percentage points to nearly a 50 year low with no concurrent decline in labor participation. The entire decrease has been due to actual job growth in a strengthening economy, rather than people dropping out of the labor force in a stagnant economy.


The numbers are actually even better than they look. Job openings have also increased from about 900 per month in President Obama’s last 21 months to an astounding 78,000 per month under President Trump. That bodes well for an increase in labor participation over time as the Bureau of Labor Statistics (BLS) has reported that in every month since March, there has been more job openings than people unemployed – the first time that’s happened even in a single month since BLS began reporting the data in 2000.


In addition, the Wells Fargo/Gallup Small Business Index reported just this month that optimism among small-business owners has been increasing throughout 2018 to a level higher than at any point in the Index’s 15-year history.


That’s great news for workers. With unemployment low because optimistic businesses are actually hiring more people and creating new job openings, employers are competing for employees, driving wages higher at a pace not seen in nearly a decade.


The BLS recently reported that in both October and November wages for American workers were up 3.1 percent over the prior year, the largest gains since April 2009. Workers are earning more, they’re taking home more of what they earn because of the Republican tax cuts, and they’re spending it as consumer confidence surges driving more economic growth.


These numbers reflect the benefits that flow when the unemployment rate declines because more people are working, rather than because they’re dropping out of the labor force. It’s what happens when government gets out of the way by cutting taxes, slashing regulations, and encouraging domestic energy production......snip~


Of course the leftness doesn't look at those links. You have to remind the leftness that those blue words are to the links supporting Puzders data.

[MMC]

If you notice the last ICE raids that cleared up a bunch of jobs for Americans- the companies were flooded with applications. Those are people who were unattached to the job market and not captured by the U-3 unemployment rate.

They might want to look at small business outside Demo Controlled cities.

[Common Sense]

The labor participation rate had been declining since 2000. Much of that decline was due to retiring baby boomers and the decline of full time employment opportunities. However, the rate has been increasing since 2015.

Trump and Obama had and have very little to no influence on the rate.

[Tahuyaman]

The labor participation rate had been declining since 2000. Much of that decline was due to retiring baby boomers and the decline of full time employment opportunities. However, the rate has been increasing since 2015.

Trump and Obama had and have very little to no influence on the rate.

Retirees are accounted for. They aren't counted as so called discouraged workers.