Key to unemployment rate right now is LFP rate, which is low.
Other measures of unemployment, namely the U-5 or U-6, may paint a better picture. Labor force participation has been falling since the Great Recession. Discouraged workers facing long unemployment spells simply dropped out of the labor force.
I personally think that, generally, presidents have little input on fiscal trends unless they enact large scale fiscal policy. We’ll see how things move economically, but I’m personally very concerned about wage and wealth polarization caused by the disappearance of middle wage, routine labor. [Post edited by twilli4 at 03/09/2018 10:10AM]
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In response to this post by ConnHoo)
Posted: 03/09/2018 at 10:10AM