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I’d say that 148k new jobs in one month is good news, regardless of who is in office. Granted, most of those new jobs are probably low-wage crap jobs, but it’s better than nothing.
Another 20,000 lost in retail, and this during the biggest retail season of the year. It's not Trump's fault, of course, but it is alarming for many of Trump supporters in small towns where retail is the only thing left after the exodus of jobs to China.
Another 20,000 lost in retail, and this during the biggest retail season of the year. It's not Trump's fault, of course, but it is alarming for many of Trump supporters in small towns where retail is the only thing left after the exodus of jobs to China.
Obvioulsy we need to raise the min. wage and finish them off.
Even during Obama's administration and now Trump's, I have felt like the stock market was booming and CEOs were doing fabulous; however, I never felt like the real "working" economy has ever fully recovered from pre-2008. The labor market is just not the same and I wonder if it ever will be. Protections and benefits back to the employees were finally destroyed after the wreck of 2006-2008 and employees took any crumbs they could get. I don't feel that this has changed much.
IMO, when the tax bill was passed and corporate tax rates were slashed, I think there should have been some stipulation put in for companies who greatly benefit from this cut that a certain amount of funding would get put back into their labor force versus their pockets. Be that increased healthcare expenditures, higher wages, etc..
Looking at the labor force participation rates, we still have a looooong way to full employment.
Well that's not how economists nor the Fed define "full employment".
https://www.bloomberg.com/quicktake/full-employment
To economists, full employment means that unemployment has fallen to the lowest possible level that won’t cause inflation. In the U.S., that was thought to be a jobless rate of about 5 percent — above the December rate of 4.1 percent.
Another 20,000 lost in retail, and this during the biggest retail season of the year. It's not Trump's fault, of course, but it is alarming for many of Trump supporters in small towns where retail is the only thing left after the exodus of jobs to China.
Brick and Mortar has been in a steady decline for almost a decade now.
People shop online.
Even during Obama's administration and now Trump's, I have felt like the stock market was booming and CEOs were doing fabulous; however, I never felt like the real "working" economy has ever fully recovered from pre-2008. The labor market is just not the same and I wonder if it ever will be. Protections and benefits back to the employees were finally destroyed after the wreck of 2006-2008 and employees took any crumbs they could get. I don't feel that this has changed much.
IMO, when the tax bill was passed and corporate tax rates were slashed, I think there should have been some stipulation put in for companies who greatly benefit from this cut that a certain amount of funding would get put back into their labor force versus their pockets. Be that increased healthcare expenditures, higher wages, etc..
It changed when they lowered full time employment to 30 hours.
That meant p/t workers capped out at 29 hours instead of the old 39 hours.
That's 10 hours of pay they no longer get and to p/t workers that was a lot.
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