Job growth has averaged 158,000 a month this year, below the average monthly gain of 223,000 in 2018. August’s employment gain was helped by the federal government’s hiring of 25,000 temporary census workers in preparation for the 2020 census.
It is the longest uninterrupted expansion since before the Great Depression. The average monthly gain this year has been just over 210,000 jobs, equal the average monthly gains of the last two Obama years.
On average, America’s CEOs make 312 times what their workers take home — and that has nothing to do with supply and demand. Simply put, markets don’t set executive pay. Board rooms do.
What happens when children born into poverty run face first into the crushing reality that the society they live in really isn’t that fair at all? Hard work has nothing to do with it.
The unemployment rate was last this low in 2001, at the end of the Clinton boom, though wages have only recently started to improve at a pace ahead of inflation.
The unemployment rate fell to 4.7 percent, not quite the post-Great Recession low of 4.6 percent recorded last November, but close enough.
The streak in increasing unemployment is echoed by an equally suggestive streak: five straight declines in the number of house sales closing in Flagler County, going back to May’s post-recession peak of 259 sales.
The last jobs report before Election Day adds to a string of positive economic results, netting 1.8 million jobs so far this year and the second month in a row of strong earnings increases.
This is one of those unemployment report where the uptick in the unemployment rate is almost meaningless, compared to other numbers, at least as far as Flagler County’s economy is concerned.
The president and everybody in his administration really must stop talking about how much better off we are today than we were eight years ago. Here is the disastrous truth.