Trump and Fox News will blame Obama in 5…4…3…2…1…
Moving pretty much all of our resources away from the humanities and environment to defense and job creation- there’d better be results.
The proportion of Americans who are either working or looking for work remains far below pre-recession levels.
Huh? They can’t both be true. Am I missing something?
Hiring slowed in March!!! Obummer’s fault! But Trump responsible for hiring gains last month and Janurary, and in any month where hiring went up from previous month, going back to the begining of time.
Increased optimism? Do not know anyone with increased optimism. Additionally, the headline should probably note the low number of increased employment. As I recall in the past all we heard was the unemployment rate dropped because people stopped looking. It appears this must be in play as the numbers do not seem to add up
I see we are back to "fake " numbers right Donny…what will Spicer say today…lack of policy specifics beyond new wars to come will cause uncertainty until further notice.
Lowest job creation number in what…80 or so months?
Someone quick, fire some missiles at something!!!
Not quite 80 months, but lowest in 10 months, and among the 4 lowest months in over 4 years (2013).
https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth
Is Trump going to ignore the raw data, call them fake again, or just herald the UE drop and retweet “all” the jobs he produced as Pres (tweet of 2 days ago)?
The suspense is killing me.
The number of people without jobs and counted as unemployed fell by more 300,000. So the unemployment rate went down. Part of the problem here is that the numbers all have serious error bars – the surveys are huge, but they’re still not big enough to get accuracies of a tenth of a percent. The press release from BLS says nothing about 500K people finding jobs, as far as I could tell, and was thoroughly cagey about employment to population ratio.
The workforce is the total of those who are working or are actively looking for work work. Another way of writing this is the employed + the unemployed = work force. The participation rate is the Work Force/total adult population. The participation rate dropped during the recession, as people dropped out of the work force and has yet to reach pre-recession levels.
The critical definition is the difference between unemployed and those who have given up looking for work. If you don’t work, but don’t look for work, you are not defined as unemployed. So unemployment is low, but their are still a significant # of people who could jump back into the workforce.
You have to wonder if someone at the Bureau of labor statistics is getting chewed out by The White House. Taking pointers from former GE CEO Jack Welsh who a few years ago falsely claimed the employment numbers were being gamed.
In addition to what @liberal said, there’s also the fact that the Baby Boomers are retiring, so the percentage of eligible workers itself is going down. I don’t know if they are comparing the proportion to just the working population or the total, if it’s the total then the numbers will stay lower just because of aging, at least for a while.
OK, I see, I misread the sentence, Essentially the work force is shrinking.
This looks to me like the sensible and effective Obama economic management is starting to tail off.
Hiring is weakening, consumers aren’t spending, stores are stocking up on expensive merchandise…
We have yet to take on higher health care costs, more war, a higher middle class tax burden, and the drag of increasing debt.
Not a good report.
I see the real Trump economy is finally beginning to kick in…or should I say, not kicking in, as the case may be. Who ya going to blame this time, President Shit For Brains? 98,000 jobs. That’s pathetic, especially when at best they were lowballing it at 180,000 before the numbers came out. You suck at job creation, Mr. I Know How To Create Jobs Jerkoff. What a lousy businessman.
They are comparing to the total adult (18+) population, so you are correct that participation should have gone down, and in the long run will go down as the population ages. I believe about half of the drop in participation rate was due to aging, so their is the potential to see an increase, or at least stabilization of the rate for the next few years, until the long term trend downward continues.