December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000
December’s jobs report showed employers added 216,000 jobs for the month while the unemployment rate held at 3.7%. Payroll growth showed a sizeable gain from November’s downwardly revised 173,000
Same level of unemployment, but a ton of new employees. So… the same number of people are simply working more jobs? And this represents a “strong economy”…
Or people came back into the workforce. Back during Obama, when unemployment numbers started to decrease, thr common refrain was that the workforce participation rate was going down hand in hand and that unemployment improvement was a sham. Now those people are coming back into the workforce.