Friday, June 1, 2018

Unemployment at 18 Year Low

Let's begin by contemplating - with pleasure, mind you - a CNBC article's title:
The May jobs report is great news for everyone — except Democrats running for office
When your opponent is in difficulty, enjoying the moment isn't too great a sin in my book. A booming economy, if Trump's justified tariffs don't wreck it, is exactly the sort of gale force headwind you'd wish for untethered-to-reality leftists. Some key observations:
Among the many contentious topics swirling around this year's campaign, none is more important than the perennial issue of employment. Voters who are employed are historically more likely to favor incumbents than those who are out of work.

The economy added roughly 223,000 net new jobs in May, pushing the jobless rate a tick lower to 3.8 percent, an 18-year low.

The biggest job gainers have been groups that have historically suffered from stubbornly high levels of unemployment, including younger workers, black workers and so-called marginally attached workers, (snip) part-time workers who want a full-time job and people who want to work but have given up looking.
Tangential observation: Of all the manifold tentacles of the NBC leviathan, only the pro-business CNBC arm ever has much nice to say about Republicans. Do you suppose it makes them pariahs within the corporate fold?