Latest Breaking News

(10,901 posts)

12. Great Jobs Slowdown: Obama's last 30 mos: 220,000/mo, Feb - July 2019: 141,000/mo

Fri Aug 2, 2019, 10:25 AM

Aug 2019

Job growth has already slowed down in 2019 so far.
Summary: Average monthly net new jobs created
220,000    Obama's last 30 months (includes all of January 2017)
191,000    Trump's 30 months (February 2017 through July 2019)
165,000    2019 so far (January through July)
141,000    February through July 2019

Job numbers: https://data.bls.gov/timeseries/CES0000000001

Monthly changes: https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

And yes yes, the unemployment rate is at about 50 year lows, but note that the prime age (25-54) labor force participation rate is below the pre-Great Recession average, going back to about 1987. (And it dropped another 0.2% in July)
http://data.bls.gov/timeseries/LNS11300060
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=12256909

Edit history

Please sign in to view edit histories.

33 replies

= new reply since forum marked as read

Highlight:

U.S. Added 164,000 Jobs in July; Unemployment Rate at 3.7 Percent [View all] BumRushDaShow Aug 2019 OP

Thank you for that! BumRushDaShow Aug 2019 #2

Said this before, Wellstone ruled Aug 2019 #27

Temp agency Hires used to be treated differently Wellstone ruled Aug 2019 #29

BLS website unresponsive now, at least for time series like progree Aug 2019 #3

Good morning. Thanks for the thread. Links to earlier reports: mahatmakanejeeves Aug 2019 #4

Top of the morning to ya! BumRushDaShow Aug 2019 #9

The hide the revisions . Historic NY Aug 2019 #7

The revisions are in the same paragraph where they've been for years. mahatmakanejeeves Aug 2019 #10

Job numbers are terrible rockfordfile Aug 2019 #8

Heard a lady say... safeinOhio Aug 2019 #11

Right after I saw your earlier post BumRushDaShow Aug 2019 #14

White House PR is noting that the LFPR is edging up. mahatmakanejeeves Aug 2019 #15

See posts #12 & #16. nt BumRushDaShow Aug 2019 #19

I read every post in this thread before I posted, thanks. mathematic Aug 2019 #21

Yet you blanket-blamed (implying all) posts in this thread BumRushDaShow Aug 2019 #22

I explictly say that a lower participation rate is not inherently bad mathematic Aug 2019 #25

The issue is the age group with the declining participation rate BumRushDaShow Aug 2019 #26

Additional links: mahatmakanejeeves Aug 2019 #23

Per Indeed, growth in the goods-producing sectors is slowing. mahatmakanejeeves Aug 2019 #24

Thanks for the update! BumRushDaShow Aug 2019 #31

Good afternoon. mahatmakanejeeves Aug 2019 #32

Yup! BumRushDaShow Aug 2019 #33