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The LFPR is not in the tank. In fact is not much lower than the likely max that could be achieved with the current population mix. This is one of the serious flaws in MAGAnomics. There are simply not enough workers to provide the growth required to make the numbers work.
Hmm, well with immigration collapsing under Trump because the world now sees the US as unwelcoming to virtually everyone, where do they expect to find those needed workers?
The LFPR is not in the tank. In fact is not much lower than the likely max that could be achieved with the current population mix. This is one of the serious flaws in MAGAnomics. There are simply not enough workers to provide the growth required to make the numbers work.
Then you neatly omitted the part where wages are rising!
Actually, the latest report (for March) came out today (April 6). Overall, things are still looking very good. I don't think we have anything to worry about at this point; we've been doing well for a long while!
Here's a summary of the jobs report released today (April 6):
March was the 90th consecutive month of job growth, by far the longest streak on record. Employers have added an average of just over 200,000 jobs per month so far in 2018, a pace that has held relatively steady for the past two years. 103,000 jobs were added last month (March). Wall Street economists had expected an increase of about 185,000. The unemployment rate remained at 4.1 percent for the sixth straight month.
The one dull spot in February’s report was wage growth, which slowed from January. That figure was revised up slightly on Friday, and earnings rebounded further in March, rising 2.7 percent - or an average of 8 cents - from a year earlier.
The bigger picture is that wage growth remains weaker than most economists would expect when unemployment is so low. Economists have proposed a long list of possible explanations, from globalization to weak productivity growth. Most still expect employers to have to raise pay eventually to attract and retain workers. But so far, employers are resisting.
Please respond to Your Idiot's earlier statements on how low unemployment rate is a lie and real rate is X times higher. Was he full of **** then, or is he full of **** now?
Hmm, well with immigration collapsing under Trump because the world now sees the US as unwelcoming to virtually everyone, where do they expect to find those needed workers?
I don't know. I don't think the Trump administration has thought this through. They prefer the rhetoric which I assume they think is politically beneficial.
I don't think we will see greater than 64% anytime in the near future; unless a whole bunch of retired people decide to return to the labor force or students leave school for work.
You nailed that prediction about people not bothering to look at the posting dates.
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