georgephillip
Diamond Member
- Thread starter
- #61
How are those "record numbers..." of workers consistent with a shrinking labor force?Okay. You go ahead and run on that "floundering" economy. Those record numbers of blacks, women, and Hispanics working will laugh at you. Then again you should be used to it. You get laughed at here every day. As far as who's getting freebies, try using REAL numbers, not percentages. Even if 45% of Mississippi's population gets some form of benefit, that is still a LOT fewer people than 30-35% of California. Funny how reality works like that.
The pros and cons of U.S. unemployment rate falling below 4%
"Smaller labor force. In April, unemployment fell because there were 236,000 fewer people in the labor force, which includes Americans working and looking for jobs.
"That’s not a happy development because a healthy labor market should draw in Americans on the sidelines.
"It would be more encouraging if the unemployment rate fell because more people got jobs.
You should also consider how 10,000 baby boomers retiring every day affect low UE numbers
"Slower economic growth. If businesses can’t find enough workers, they can’t satisfy all of the demand they’re seeing from customers.
"That means they’re not delivering as many products and services as they could, which translates into slower economic growth.
"And slower growth eventually means less hiring.
"'The U.S. labor market has tightened to the point where firms are having tremendous difficulty finding qualified and available workers,' says RSM Chief Economist Joe Brusuelas."
And then there's the ever-rising debt burden Americans are forced to endure that Trump has done nothing to diminish:
Americans are swimming in debt