There is nothing to do here. Historically, when the USA economy hits 5 percent unemployment that is considered NORMAL. There is no place to go, except, higher numbers of unemployment. There is no IMPROVING a 4.9 percent unemployment rate.
Below is DOL statistics. (click here)
The problem is the pay amounts. The minimum wage has captured hostages of adult households and that has to change.
People across the board are finding work. Women age 20 and older have an unemployment rate is 3.7 percent. Men age 20 and older has an unemployment rate of 4.1. The worst news is the unemployment rate of men and women age 16 through 19 with an unemployment rate of 14.2 percent with a rate of 14.0 percent in July 2015. That particular group is frequently within this percentage. If there could be better employment opportunities for our young people it would nice for them.
But, here again, the working poor is still the issue. The American adults are still not earning to support their families outside of poverty and still need the expanded Medicaid and food stamps and energy subsidies. It is the pay rate that is the problem, not the jobs created and filled by Americans well trained to fill them.
August 5, 2016
By Nelson D. Schwartz
After months of conflicting signals (click here) and economic uncertainty, it became clear on Friday that the American jobs machine is continuing to perform at a high level.
Below is DOL statistics. (click here)
The problem is the pay amounts. The minimum wage has captured hostages of adult households and that has to change.
People across the board are finding work. Women age 20 and older have an unemployment rate is 3.7 percent. Men age 20 and older has an unemployment rate of 4.1. The worst news is the unemployment rate of men and women age 16 through 19 with an unemployment rate of 14.2 percent with a rate of 14.0 percent in July 2015. That particular group is frequently within this percentage. If there could be better employment opportunities for our young people it would nice for them.
But, here again, the working poor is still the issue. The American adults are still not earning to support their families outside of poverty and still need the expanded Medicaid and food stamps and energy subsidies. It is the pay rate that is the problem, not the jobs created and filled by Americans well trained to fill them.
August 5, 2016
By Nelson D. Schwartz
After months of conflicting signals (click here) and economic uncertainty, it became clear on Friday that the American jobs machine is continuing to perform at a high level.
A report from the Labor Department that said employers added 255,000 jobs in July had been eagerly anticipated on Wall Street, on Main Street and in Washington, and the much-better-than-expected showing immediately rippled through all three arenas.
Stocks surged, experts expressed more confidence that the Federal Reserve was likely to raise interest rates at least once this year, and it was evident that long-stagnant wages for ordinary workers were advancing at a healthy pace.
“This was everything you could have asked for, maybe more,” said Michelle Meyer, head of United States economics at Bank of America Merrill Lynch. “We’re seeing new entrants into the labor market, which implies a longer runway for the business cycle.”
The official unemployment rate was flat at a relatively low 4.9 percent, largely because of a jump in the number of Americans looking for work and finding it.
The employment data painted an unusually strong tableau of growth, with nearly all of the indicators that form the basis of the Labor Department’s monthly jobs report pointing in the right direction....
