Unemployment dropping

April 10, 2018

With unemployment at 4.1% and dropping, Americans might soon see something we haven’t had in a long time: unemployment at 3% or less. To find out what that would look like, Bloomberg reporters went to some cities where unemployment is already at or below that, like Ames, Iowa, where the jobless rate is 1.5%, the lowest in the US.

Click the link to see a story and video about what full employment is like (just for grins, along with a video reminder of Obama mocking the very idea that Trump could ever bring back jobs and robust economic growth – remember how low expectations were “the new normal” we just had to get used to?) In some ways, full employment is like the workers are the bosses, with companies competing to offer more pay and benefits, better working conditions and more flexible hours to entice good people to work for them instead of leaving for greener pastures. Hey, wait: I thought that “tax cuts for corporations,” as Democrats like to put it, along with other pro-business-friendly policies were supposed to enslave and impoverish the workers, not result in them getting more pay, benefits and bargaining power?


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Of course, there could always be bumps ahead that derail the falling jobless rate and harm workers. We could get into a trade war (although that’s looking less likely) or rising interest rates could cause problems because the federal government has run up so much debt. Or, since advertising has been called “the art of disconnecting the brain from the wallet,” voters could allow negative campaign ads to let their emotions overrule their pocketbooks and give Congress back to the party that didn’t cast a single vote in favor of the tax cut bill that’s unleashed all this prosperity -- the same party that wants to repeal the tax cut and spark a market-crashing Constitutional crisis by trying to impeach the President.

Americans who are weary after eight years of standing in long lines to apply for one low-paying job opening should think about that experience before standing in long lines at the polls to put Nancy Pelosi back in charge.

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Comments 1-5 of 5

  • Gayle Johnson

    04/13/2018 10:24 PM

    I agree with Susan Schmidt. Whenever I hear or read about the unemployment rate being "down" and politicians are "rejoicing", I say to myself (and sometimes out loud) "I don't buy it." Being a realist, I think the REAL reasons the unemployment numbers are down are, (1) people have given up looking for GOOD PAYING jobs (that will cover their mortgage, pay the bills, put food on the table, and have a little left over for "fun"), (2) they are over qualified for the fast-food restaurant jobs or the retail jobs (and working 40 hrs. a week at said jobs wouldn't even pay for their mortgage), or (3) their unemployment benefits have run out and they are no longer eligible to file for unemployment.

  • Susan Schmitt

    04/13/2018 02:24 PM

    Mike, I don't agree with the unemployment numbers. I believe the decline is because people have given up looking for a job while connected to the Unemployment Center. After my place of employment closed in 2011 I drew benefits for one year. I live in a small Kansas town of 3500 people. There are virtually no jobs to be had, so I just quit reporting to the Unemployment Center.
    I believe this is the reality of many people who were on unemployment benefits. I'm most certain the unemployment rate is much higher than reported.
    In His love,
    Susan

  • Theresa Carver

    04/13/2018 11:02 AM

    Does this mean the media will start using the U3 rating since the U6 is too low?

  • Rex Horwood

    04/12/2018 05:05 PM

    Isn't it difficult to ascertain accurate unemployment and jobs figures when there are so many illegal immigrants in the country?

  • Carol Mathews

    04/10/2018 11:18 PM

    One thing on the horizon is the rising gas prices. That puts a stop to growth faster than any other one item. The gas companies still made a fortune at under $2.00 a gallon and now stand to make billions more as they collectively raise the price. When gas prices go up, the buying power of everything else goes down. No matter what they charge, people have to get to the job they have, they have to get children to school or sitters and other necessities so they pay but they buy less of everything else, some times things like medicine or food that they need.