The Jobs Report Is Out

CNBC posted the numbers from today’s jobs report on December 2017. Overall it is a positive report, although some numbers are not changing as rapidly as we might hope–the labor force participation rate is holding steady at 62.7.

There is a lot of good news in the report.

Breitbart also posted an article about the jobs report.

Here are some of the highlights from that article:

…the unemployment rate for black Americans dropped to just 6.8 percent, which is the lowest ever recorded. Prior to this month, the previous record was 7.4 percent in 2000.

The Hispanic unemployment rate remains at a near record low of just 4.9 percent, up just a bit from the record of 4.7 percent in November of last year.

White unemployment sits at 3.7 percent, while only 2.5 percent of Asians are unemployed.

The overall unemployment rate is just 4.1 percent.

The article at Breitbart concludes:

With unemployment so low, job growth should mean wage gains. More jobs than people looking for them puts employees in the driver’s seat. Also good news for workers is the Trump administration’s crackdown on illegal immigration. This can only mean better wages and more job opportunities, especially for unskilled, entry, and blue-collar workers — those who have been left behind more than any other group.

That is good news for all Americans. As wages rise, it becomes less attractive to collect welfare. Hopefully, we will see the welfare rolls decrease as the tax cuts and wage increases take hold.