Labor force conditions remain ‘very strong’ with 4.7 million jobs created since Trump took office

Dec. 7, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the latest jobs numbers:

“Despite economic headwinds, labor force conditions remain very strong in the U.S., with the number of unemployed having dropped by more than 600,000 in the past year while 2.8 million more people say they have jobs, outpacing population growth among those over the age of 16. Overall, 4.7 million more Americans have found work since President Donald Trump took office, similarly outpacing population growth. That is simply great news as it continues to drive up labor participation and the employment-population ratio.

“Labor participation among 16-64-year-old working age adults has risen from 72.76 percent in Jan. 2017 to 73.66 percent today, with 2.9 million more included in the working economy. What was a lost generation is now becoming a work-hard generation. There is still a ways to go to return to pre-recession labor participation levels, and while it is hard to say where we are in the cycle, these steps in the right direction show that amount of potential growth left in the economy is great. As the nation turns its sights on Christmas, the American people can feel confident that the President’s tax cuts, deregulation and pursuit of fair and reciprocal trade deals that put America first are having a definite impact.”

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