The numbers are in. And,despite a net loss of jobs in September (probably hurricane-related), the unemployment rate dropped .2%. It now stands at 4.2% – the lowest in 16 years.
How could this happen?
It happened because the Job Participation Rate (JPR), i.e. the percentage of people either employed or seeking employment, rose to 63.1% – the highest in over 3 1/2 years.
Since people looking for jobs count in the unemployment data and people who have given up looking do not, this means unemployment has dropped even though more people are out there seeking jobs, thus being counted in the data.
Here are the Job Participation Rates, by month, for the past ten years. See if you notice a trend.
If you used the above link, you saw that when Barack Obama took office, the JPR was at 65.7%. The month Donald Trump won the presidency, with his message of jobs, jobs, jobs, it was at 62.6% – down a devastating 5%.
Now it is at 63.1% and, we hope, going to continue on the upswing.
Should Donald Trump get credit for any of this?
That’s for you to decide. But do not expect our wonderful “neutral” mainstream media to give him any.
Now it is at 63.1% and, we hope, going to continue on the upswing.
Should Donald Trump get credit for any of this?
That’s for you to decide.
Really?!?! What in heaven’s name has DJT accomplished in his first months in office that would allow him to take credit for ANYthing?
His overtly pro-business stances coupled with the removal of hundreds and hundreds of in-place or proposed regulations certainly could have had an effect – not only for job opportunities, but also for the stock market, which has jumped 25% in just the ten months since he was elected. We can debate whether these actions are overall-positive or overall-negative, but there is a clear, credible argument that they have benefited job seekers and stockholders. http://www.dailywire.com/news/18848/trump-wipes-out-800-more-federal-regulations-joseph-curl