We expected 180,000 new jobs created for the month of February. Instead, the number was 20,000. That is the bad news. The good news is found in the fact that wages increased 3.5% over the same month a year ago, and, unemployment fell to 3.8%.
When asked about the meaning of all this, the answer commonly given is this: "We are at full employment."
I have a good friend living in Denver. He recently got a job with a construction company as a construction manager. He is as well qualified as anyone walking. He left a similar job for the new one. His lot in life is much improved and his income is more in line with his experience . . . . and this reality is due, in part, with the upturn in a job market that demands valued employees and is willing to pay for that value.
Be careful when you pretend that the corporate tax cuts did not benefit the working class. Clearly, that is false information put out there by the Progressive/Socialists,
More on this later.
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