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For the first time in 11 years, four-fifths of all Americans in their prime working years have a job.
The percentage of people from the ages of 25 to 54 who were working in August climbed to 80% from 79.5% in July, touching the highest level since the start of 2008, the government said Friday.
The percentage of these people holding a job had fallen to a 26-year low of 74.8% after the 2007-2009 Great Recession. Soft growth in the early years of economic recovery was partly a result of slow rebound in the share of prime-age workers, as reflected by a surge at the time in the number of young adults still living with their parents.
“The growth is exciting because it shows that, rather than declining, participation [in the labor market] may still have room to grow,” said Julia Pollack, labor economist at ZipRecruiter, an online job-search site.
Yet matching the record would likely require the economy to grow for several more years and avoid recession. The share of primetime workers peaked at 81.9% in early 2000 at the height of the internet boom.
originally posted by: InTheLight
a reply to: LSU2018
What kinds of jobs are they holding and what kind of money do they take home?
originally posted by: Oleandra88
a reply to: LSU2018
It is great that your country is seeing better conditions now than in 2009.
And no new wars necessary, too.
The MIC must hate Trump.
originally posted by: LSU2018
originally posted by: InTheLight
a reply to: LSU2018
What kinds of jobs are they holding and what kind of money do they take home?
I don't know. At least they're not wasting tax payer dollars sitting at home collecting welfare like so many were.
I guess you don't think this is good news since it's growing under Trump?
originally posted by: Oleandra88
a reply to: InTheLight
I would say, holding a job is always better than no income at all?
Internal political conflicts yet?
originally posted by: InTheLight
a reply to: LSU2018
What kinds of jobs are they holding and what kind of money do they take home?
originally posted by: Oleandra88
a reply to: InTheLight
well better than a starving even poorer person, right?
originally posted by: Oleandra88
a reply to: InTheLight
So what you are saying is basically this:
Because poor people can get subsidies from the Government, there is a point where you personally say, "I rather stay at home/poor/jobless" before I go working to get just a bit more?
So basically you brush off everything, because it is not enough yet? Not good enough?
Good move, asking a question where you know/make believe that there is no answer to, then using it as a exit point out of the discussion
originally posted by: Oleandra88
a reply to: InTheLight
shooterbrody did an excellent two liner on this topic, you should revisit it
Still no answers.
Prime-age workers are big home buyers and consumers compared to younger Americans just starting out, those nearing retirement or people who’ve already retired. They play a huge role in how fast the economy grows.