The U.S. has not seen anything like this in a long time: The economy is faring better than it has in a generation, with simultaneous gains among various demographic groups, reports the WSJ.
- Older workers, women, minorities, seniors and the less-educated all are faring better in the labor force today than they did under President Obama.
- The jobless rate for Americans age 16 to 24 hit a 50-year low this summer.
- In May, the black unemployment rate dipped to 5.9%, the lowest number on record at the Bureau of Labor Statistics.
- People who had stopped looking for work are sending out resumes.
- More people are quitting jobs because they are confident that a better one awaits.
- Employers are increasing perks and benefits in an effort to attract new hires and keep the ones they already have.
- There were 6.7 million job openings last quarter, a 17-year high.
Read more here.
Originally posted on August 23, 2018.
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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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