{"id":32786,"date":"2018-03-09T21:31:58","date_gmt":"2018-03-10T02:31:58","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=32786"},"modified":"2018-03-09T21:31:58","modified_gmt":"2018-03-10T02:31:58","slug":"moving-forward-slowly","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=32786","title":{"rendered":"Moving Forward Slowly"},"content":{"rendered":"

Investor’s Business Daily<\/a> posted an editorial today about the economic<\/a> numbers released today. The editorial is cautiously optimistic.<\/p>\n

The editorial reports:<\/p>\n

If you’re looking for good news in the latest jobs numbers<\/a>, it’s hard to know where to start.<\/strong><\/p>\n

First, 313,000 was 50,000 more than expected, and is the biggest monthly gain in jobs in a year and a half.<\/strong><\/p>\n

In fact, since the recession ended in June 2009, there have only been six months in which job gains beat this number \u2014 which doesn’t say much for President Obama’s<\/a> economic performance<\/a>.<\/strong><\/p>\n

Better still, these employment<\/a> gains were across the board. In fact, almost a third of the increase was in goods-producing industries, which climbed at a rate more than twice as fast as the overall job market<\/a>.<\/strong><\/p>\n

The only part of the economy that didn’t grow was government, which can also be seen as good news. The federal workforce, in fact, dropped in February, and is now 14,000 lower than when Trump<\/a> took office<\/strong><\/p>\n

At 4.1%, the overall unemployment rate is at a 17-year low, while the unemployment rates among blacks and Hispanics<\/a> remain at historic lows.<\/strong><\/p>\n

But the employment numbers also show why, despite these strong gains, the economy is still far from “full employment.”<\/strong><\/p>\n

The article further reports that 653,000 people rejoined<\/em> the labor force<\/a> in February. That is really good news.<\/p>\n

The editorial also notes the change in the workforce participation levels:<\/p>\n

As a result, the employment-to-population ratio<\/a> climbed to 60.4% in February. That’s higher than it ever got during Obama’s eight years in office. Better still, the employment-to-population ratio among those of prime working age jumped to 79.3%, its highest level in almost a decade.<\/strong><\/p>\n

And the labor force participation rate<\/a> \u2014 the share of people looking or who have jobs \u2014 is now up to 63%, after having fallen steadily during Obama’s years (it went from 65.7% when he took office to 62.7% when he left).<\/strong><\/p>\n

There are still 5.1 million\u00a0 Americans not in the labor force. Hopefully as the economy improves and the regulations on food stamps and welfare programs tighten, they will be able to find jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Investor’s Business Daily posted an editorial today about the economic numbers released today. The editorial is cautiously optimistic. The editorial reports: If you’re looking for good news in the latest jobs numbers, it’s hard to know where to start. First, … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[3238,459,2041,297,285,8701],"class_list":["post-32786","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-economy-of-the-united-states","tag-employment","tag-employment-to-population-ratio","tag-unemployment","tag-united-states","tag-workforce-participation-rate"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32786"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32786\/revisions"}],"predecessor-version":[{"id":32787,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/32786\/revisions\/32787"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}