Jobs Report Positive, But More To Do To Bring Back Lost Labor Force

by Rick Manning: “With 472,000 more Americans reporting they have jobs in the household survey — almost a million new jobs since January — the U.S. economy is going a long way to bringing back into the economy the roughly 9 million 16 to 64 year olds who either left the labor force or did not enter on a net basis since labor participation peaked in 1997. President Trump spoke often of underemployment on the campaign trail, so he realizes more than anyone that we’ve still got a ways to go. If those 9 million lost labor force were included in today’s jobs report, the unemployment rate would still be north of 9 percent. Growth still remains low, with the last 10 years being the worst in history from a growth perspective.

“With that in mind, it remains important that Congress support President Trump’s agenda for better trade deals, lower taxes and few regulations so that today’s gains can be sustained with an economy that grows robustly.”

View BLS Latest Job Numbers
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Rick Manning (@rmanning957) is President of Americans for Limited Government.

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