U.S. job growth picks up; unemployment rate drops to 3.9 percent

OBAMA SAYS MANUFACTURING JOBS AREN’T COMING BACK – THEN TRUMP SETS RECORD OF JOBS IN ONE MONTH

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originally posted by: Bone75

originally posted by: IAMTAT
a reply to: xuenchen

MORE winning.


***U.S. job growth increased less than expected in April and the unemployment rate dropped to near a 17-1/2-year low of 3.9 percent as some out-of-work Americans left the labor force.***

What part of this do you not understand?

They are still using Obama's method of calculating the unemployment rate and the only reason it's going down is because they are no longer counting people who have given up on finding a job.

Our total personal debt just hit $19Trillion

The cost of a new home has doubled since 2000, yet wages have barely moved.

We are very, very far from "winning".

You're right.

a reply to: xuenchen

Now if only a dollar was worth something.

Late to the thread, but I agree the numbers are being twisted. What's going on around here is companies are pulling in Temps. Not actually filling jobs permanently. So technically people are working, but only for three months then it's "get another Temp" instead of officially hiring them on.

Since the jobs aren't advertised the government doesn't count them as actual unfilled jobs.

Sure they technically are employed by their various Temp agencies, but it's hit and miss to keep working full time that way.

Here's more information about 'unemployemet':

First off, there’s the reason unemployment dropped: Because Americans are dropping out of the workforce, as opposed to an increase in the number of workers with jobs, as Dean Baker, economist at the Center for Economic and Policy Research, points out. Rather than adding workers, the American labor force shed 236,000 people between March and April.

qz.com...