Wages Keep Climbing, And Unemployment Keeps Falling

– March 8, 2019

Amid Climbing Wages And Historically Low Unemployment, More Americans Are Getting Off The Sidelines And Reaping The Benefits Of The Trump Economy

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TOP TAKEAWAYS

  • February marked the 7th straight month of 3% or better wage growth as gains reached 3.4%, the best in a decade.
    • This was “hugely positive,” and “easily the best of the economic recovery that began nearly 10 years ago,” beating economists’ predictions of 3.2 percent wage growth.
    • New York Times economic reporter Ben Casselman left no room for any Democrat doubters saying, “wage growth is very clearly accelerating.”
  • The national unemployment rate remained at or below 4% for the 12 th straight month in February, and groups who have historically suffered from high employment like non-high school grads and Hispanic-Americans saw record low unemployment rates.
    • The unemployment rate for Hispanic-American reached a new record low.
  • The labor force participation rate remained at a 5 year high as Americans left behind by President Obama are flooding back into the labor market thanks to President Trump’s pro-worker policies.
    • President Trump’s booming economy has brought a “sizable” number of Americans, particularly women, back into the labor market, reversing the “alarming” exodus of workers that occurred under President Obama.

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WAGES CLIMBED 3.4% IN FEBRUARY, THE SEVENTH STRAIGHT MONTH OF WAGE GAINS 3% OR HIGHER, AND THE BEST SHOWING IN A DECADE

Wage Growth Hit (Another) 10-Year High In February, Particularly For Those Who Need It Most

 

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