Since liberals showed zero interest in all the good economic news for March, let's look at the Department of Larbor's Bureau of Labor Statistics (BLS) jobs report for March. Here are some key highlights:
* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.
* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.
* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.
* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:
Unemployment rate of women in the U.S. 1990-2018 | Timeline
Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily
By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.
Bureau of Labor Statistics Data
* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.
* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.
* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.
Table A-15. Alternative measures of labor underutilization
In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!
U6 Unemployment Rate
U6 Unemployment Rate | Portal Seven
* The economy added 196,000 new jobs, in spite of all the cold weather and snow storms, etc.
* The change in jobs for January was revised up from +311,000 to +312,000, and the change for February was revised up from +20,000 to +33,000. I bet you never heard about those revisions on CNN, MSNBC, etc., etc.
* Employment in construction rose by 16,000 jobs, and has increased by 246,000 over the past 12 months.
* Among the major worker groups, the unemployment rates were as follows: adult men (3.6 percent), adult women (3.3 percent), teenagers (12.8 percent), Whites (3.4 percent), Blacks (6.7 percent), Asians (3.1 percent), and Hispanics (4.7 percent). These are historic lows for blacks, Hispanics, and women:
Unemployment rate of women in the U.S. 1990-2018 | Timeline
Why Credit for the Decline in Black Unemployment Goes to Trump, Not Obama | People's Pundit Daily
By the way, Hispanic unemployment never dropped below 5% before October 2017. Never.
Bureau of Labor Statistics Data
* In March, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $27.70, following a 10-cent gain in February. Over the past 12 months, average hourly earnings have increased by 3.2 percent. Most of my pay raises have been 2.0-2.5%.
* Average hourly earnings of private-sector production and nonsupervisory employees increased by 6 cents to $23.24 in March.
* The U-6 unemployment rate, aka the real unemployment rate, dropped again in March and is now down to 7.3%, down from 8.1% in January.
Table A-15. Alternative measures of labor underutilization
In fact, the U-6 rate is now lower than it was in 2005 and is approaching how low it was in 1999!
U6 Unemployment Rate
U6 Unemployment Rate | Portal Seven