Posted on 11/25/2017 6:19:56 AM PST by RoosterRedux
America’s unemployment rate is already very low. Goldman Sachs says it will go even lower.
The Wall Street investment bank says the unemployment rate is likely to fall to 3.5 percent by the end of 2019. In a report issued last week, Goldman’s economists predicted that unemployment would keep falling because of increasing optimism helped along by tax cuts. Wage growth should also pick up, the bank said.
“Such a scenario would take the U.S. labor market into territory almost never seen outside of a major wartime mobilization.
(Excerpt) Read more at breitbart.com ...
This is probably not accurate. I suspect they’re fiddling with the statistics.
The liberal press will still be employed! Bad news.
Are we back to real numbers or still using Obamanomics?
They are assuming our do-nothing congress will follow Trump’s agenda
The participation rate is still pretty low. Many on here ignored the unemployment numbers under Obama but now crow about the number.
Yeah, really. Are we supposed to believe that participation is up by millions?
The unemployment rate is not dropping due to expansion. It’s dropping due to demographics.
In 1978 if we had unemployment this low the economy would be running at nearly double digits.
Don’t be fooled; the unemployment paradigm has shifted dramatically.
Liberals are already giving Obama credit for the stock market increasing value, falling unemployment, and improving economic conditions.
Now if only the size of the government would collapse to 1960s levels, then we’d really have something. Leftism would be rolled back just by slashing government and tax “reform”would be real, not just tinkering with who gets screwed.
Ha ha ha ha ha ha ha ha ha. Ain't nobody gots time for dat work sh*t. Gots to get me a new weave.
The Labor Force Participation Rate is how many people are available to work as a percent of the total population. In October 2017, it was 62.7 percent.
Chart for the last 8-9 years: https://data.bls.gov/timeseries/LNS11300000
Link to participation rate: https://data.bls.gov/timeseries/LNS11300000
Not much movement in these numbers. Still nearly 30% not working.
Federal government RIF’s will retard the rate of unemployment decline
If we are still using Obama numbers the time will come when unemployment numbers go past 0%
Time to review everyone on SSI & welfare. Tell the able-bodied it’s time to go back to work.
That's what I'd like to know. We *know* bammy and crew fiddled with the numbers - primarily by taking people out of the workforce so as to artificially lower unemployment. Are those people who were categorized as having given up and being out of the potential workforce back in?
Actually, it is the percentage of people over 16 and under 65 who are in the work force. It does not include children and retirees.
Obviously, many of those between 16 and 24 are still in school, and many of those between 55 and 64 have retired. A large number of married women with small children are not working as well.
Not tired of winning yet - but I understand the concept now...
percent of total population?
Or percent of total population of working age 18-65 who are not in prison or disabled?
Few children work these days. Back in the 50s I was in the labor force as a child, as were many children.
Some Boomers are retiring and leaving the labor force. Many are staying in the labor force.
The single biggest jump in Medicaid and Medicare is in the Disabled with expansion of the definition to include those with a phobia for work... I know, it is not defined that way...but that is what it really is.
These types of factors need to be considered when considering words like total population.
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