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.
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Originally posted on August 23, 2018.
