Friday, May 5, 2017

Unemployment Drops To 4.4%


Please note the curve downward throughout almost all of President Obama's 8 years in office.

Throughout the campaign, Donald Trump called this metric of measuring unemployment "fake."

Now that he's president he calls them "real," taking credit for the good news.

Via CNN:

The unemployment rate dropped to 4.4%, its lowest level since May 2007.

America added a solid 211,000 jobs in April, far surpassing the disappointing 79,000 jobs gained in March, according to Labor Department figures released Friday.

"It's a very strong report," says Michael Arone, chief investment strategist at State Street Global Advisors. "We're nearing full employment in the US economy."

The low unemployment rate captures how far the US economy has come since the Great Recession ended in 2009, when unemployment hit 10%.

Many economists say the US is now at or near "full employment," meaning the unemployment rate won't go down significantly more. It's a state, where employers have to pay up to hire, because it becomes hard to find workers. That's why wage growth is expected to pick up.

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