gemini104104
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Unemployment is down. Wages are up for those who need it most. The March jobs report is strong"
So where is the uptick in President Biden's approval rating as a result of these highly positive jobs and wage reports as a strong recovery from the horrible atrocity tRump and his goons had on the economy and job market:
The U.S. economy added 431,000 jobs in March, according to the Bureau of Labor Statistics, while the Jan. and Feb. jobs numbers were revised up by a combined 95,000. The unemployment rate ticked down to 3.6%, labor force participation ticked up, and the employment-to-population ratio is nearly where it was in Mar. 2020.
That’s not the only good news. Though white unemployment remains far lower than Black unemployment, the Economic Policy Institute’s Elise Gould writes, “Today's report shows promising improvement across demographic groups. While a notably volatile series, Black unemployment has fallen now three months in a row, a hopeful sign the recovery is reaching Black workers,” including Black women workers.
While inflation remains a real concern, wage growth is also important to talk about. Economist Aaron Sojourner notes that wage growth is strongest for young workers, and wonders if stronger wage growth for older workers would pull more of them back into the workforce.
The economy isn’t all the way back from the coronavirus pandemic (just as the pandemic itself isn’t over, no matter how much we might wish otherwise). There are still 1.6 million fewer jobs than there were pre-pandemic, and the job growth that we would otherwise have expected to see through two years is also missing. In particular, public sector employment lags. But the recovery has been astonishingly much stronger than the recovery from the 2008-2009 recession, and both the EPI’s Heidi Shierholz and the Roosevelt Institute’s Mike Konczal point out that this is directly due to policy choices—especially the American Rescue Plan."
https://www.dailykos.com/stories/20...aJIugWkSdT-P-_d5bOLTCZi7J-ATOXpp1LpwEvqZW7ETw
What constitutes full employment? The following according to expert sources represents full employment:
The Federal Reserve considers a base unemployment rate (the U-3 rate) of 5.0 to 5.2 percent as “full employment” in the economy.
The recovery has now achieved that level, known technically as the Non-Accelerating Inflation Rate of Unemployment, or NAIRU."
https://www.marketplace.org/2015/09/04/does-51-percent-full-employment/
So where is the uptick in President Biden's approval rating as a result of these highly positive jobs and wage reports as a strong recovery from the horrible atrocity tRump and his goons had on the economy and job market:
The U.S. economy added 431,000 jobs in March, according to the Bureau of Labor Statistics, while the Jan. and Feb. jobs numbers were revised up by a combined 95,000. The unemployment rate ticked down to 3.6%, labor force participation ticked up, and the employment-to-population ratio is nearly where it was in Mar. 2020.
That’s not the only good news. Though white unemployment remains far lower than Black unemployment, the Economic Policy Institute’s Elise Gould writes, “Today's report shows promising improvement across demographic groups. While a notably volatile series, Black unemployment has fallen now three months in a row, a hopeful sign the recovery is reaching Black workers,” including Black women workers.
While inflation remains a real concern, wage growth is also important to talk about. Economist Aaron Sojourner notes that wage growth is strongest for young workers, and wonders if stronger wage growth for older workers would pull more of them back into the workforce.
The economy isn’t all the way back from the coronavirus pandemic (just as the pandemic itself isn’t over, no matter how much we might wish otherwise). There are still 1.6 million fewer jobs than there were pre-pandemic, and the job growth that we would otherwise have expected to see through two years is also missing. In particular, public sector employment lags. But the recovery has been astonishingly much stronger than the recovery from the 2008-2009 recession, and both the EPI’s Heidi Shierholz and the Roosevelt Institute’s Mike Konczal point out that this is directly due to policy choices—especially the American Rescue Plan."
https://www.dailykos.com/stories/20...aJIugWkSdT-P-_d5bOLTCZi7J-ATOXpp1LpwEvqZW7ETw
What constitutes full employment? The following according to expert sources represents full employment:
The Federal Reserve considers a base unemployment rate (the U-3 rate) of 5.0 to 5.2 percent as “full employment” in the economy.
The recovery has now achieved that level, known technically as the Non-Accelerating Inflation Rate of Unemployment, or NAIRU."
https://www.marketplace.org/2015/09/04/does-51-percent-full-employment/
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