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Indulge · 36-40, F
3.9% the current U.S unemployment rate, which Donald Trump clearly doesn't understand. Part of the reason the unemployment rate fell is because 236,000 people left the labor force altogether last month, not because everyone suddenly has jobs.
The unemployment rate is a measure of people who are looking for a job and those who are working. Elise Gould a senior economist at the Economic Policy Institute noted that while unemployment is technically falling, the figure doesn't include unemployed people who haven't looked for a job within the last month. Unemployment can fall for the right reasons, like more people are working but unfortunately in this case its not the right reasons.Many younger workers are simply getting discouraged and giving up on looking for work. Among prime-age workers between the ages of 25 and 54, more people leaving the labor force than finding jobs.
A recent Department of labor report found that jobs are disappearing faster than they're being created.Meanwhile, the rate of workers going freelance is climbing and the rate of involuntary part time workers or people who are forced to work part time jobs despite wanting full- time work, doesn't seem to be decreasing, according to economist at the San Francisco Federal Reserve.
The unemployment rate is a measure of people who are looking for a job and those who are working. Elise Gould a senior economist at the Economic Policy Institute noted that while unemployment is technically falling, the figure doesn't include unemployed people who haven't looked for a job within the last month. Unemployment can fall for the right reasons, like more people are working but unfortunately in this case its not the right reasons.Many younger workers are simply getting discouraged and giving up on looking for work. Among prime-age workers between the ages of 25 and 54, more people leaving the labor force than finding jobs.
A recent Department of labor report found that jobs are disappearing faster than they're being created.Meanwhile, the rate of workers going freelance is climbing and the rate of involuntary part time workers or people who are forced to work part time jobs despite wanting full- time work, doesn't seem to be decreasing, according to economist at the San Francisco Federal Reserve.