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Reply to "Thank You, Trump! No Thanks To Obama!"

SirWasabi posted:

Wait, weren't we talking unemployment? Why deflect to another topic?

Tell me SPECIFIC legislation that has been passed by the TRUMP Administration that caused this 'new data'? I'll wait.

If you bothered to look at the link, you would have seen another chart after the teaser:

To be fair, Ol'bama would be second worst, but since so many of the new hires were part time Ol'bamadidn'tcare employees and many other people were cut to part time from full time and would be reflected in the U-6 rate and not the U-3 rate; it's probably a tie for worst. That said, GDP growth is necessary for employment growth. I believe when the GDP rate is less than 2%, there usually isn't any real growth in employment because most economists assume that technology and efficiencies make up about 2% growth. That reality sums up this chart, and yes some of the employment numbers reflect 'Boomers leaving the workforce, both willingly and unwillingly:

Image result for workforce participation rate

 


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