2aguy
Diamond Member
- Jul 19, 2014
- 111,973
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The economy is booming, and President Trump is the reason....the democrats told us we would just have to get used to living like paupers.....and then we elect President Trump, he cuts taxes, gets rid of bureaucratic nonsense, and unleashes the energy sector........and now we have a booming economy, so much so that Hispanic and Black unemployment are at record lows......
But....Russia?
'Trump Boom' Makes History, Again, With Hispanic Unemployment
Along with the solid across-the-board numbers, Hispanic unemployment tied an all-time low in December. The national seasonally adjusted unemployment rate for Hispanics and Latinos (aged 16+) dropped to 4.4%, down 0.1% from November and tying the record low first set in October, a number never before attained, dating all the way back to 1973 when BLS first began tracking the number.
Among the positive numbers for Hispanics is the demographic's labor force participation rate, which climbed to 67% (29,963,000, up over 140,000 from the previous month) with the number of employed hitting 27,701,000 (up 177,000 from November). The number of unemployed dropped by 35,000 to 1,261,000.
Some other positive numbers for the economy as a whole include a 3.2% wage increase over a year ago (up 0.4% from November), which beats analysts' expectations of 3% for the year. "Payroll employment rose by 2.6 million in 2018, compared with a gain of 2.2 million in 2017," the BLS report notes.
The sector that saw the largest increase in jobs was health care (+50,000), followed by restaurants and bars (+41,000), construction (+38,000), manufacturing (+32,000), and retail (+24,000), while government also saw increases (+11,000). BLS provides more details (formatting adjusted):
But....Russia?
'Trump Boom' Makes History, Again, With Hispanic Unemployment
Along with the solid across-the-board numbers, Hispanic unemployment tied an all-time low in December. The national seasonally adjusted unemployment rate for Hispanics and Latinos (aged 16+) dropped to 4.4%, down 0.1% from November and tying the record low first set in October, a number never before attained, dating all the way back to 1973 when BLS first began tracking the number.
Among the positive numbers for Hispanics is the demographic's labor force participation rate, which climbed to 67% (29,963,000, up over 140,000 from the previous month) with the number of employed hitting 27,701,000 (up 177,000 from November). The number of unemployed dropped by 35,000 to 1,261,000.
Some other positive numbers for the economy as a whole include a 3.2% wage increase over a year ago (up 0.4% from November), which beats analysts' expectations of 3% for the year. "Payroll employment rose by 2.6 million in 2018, compared with a gain of 2.2 million in 2017," the BLS report notes.
The sector that saw the largest increase in jobs was health care (+50,000), followed by restaurants and bars (+41,000), construction (+38,000), manufacturing (+32,000), and retail (+24,000), while government also saw increases (+11,000). BLS provides more details (formatting adjusted):
