Jobs, Wages and Unemployment – 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
- 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.
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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