The U.S. economy grew by 173,000 jobs in August, while the unemployment rate dropped to 5.1 percent, the Bureau of Labor Statistics reported on Friday.
Economy Adds 173,000 Jobs In August, Unemployment Drops To 5.1 Percent
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And yet most of those jobs are part time, low paying jobs which people take because they’re desperate for work.
Trump promises to get that back up to 10% in his first 100 days. “It’ll be Yuuuge!”
And yet the methodology for determining the unemployment rate is exactly the same as it has been under GOP administrations. Funny how GOPers conveniently forget that. What’s different for them? Ah yes, the president is black.
Two questions:
*If he were a white president…
At times it was pegged, variously, at somewhere between 2 - 4 percent. Nowadays something between 4 -5 UE is is considered full employment.