Percent of population working full time under Bush 43 averaged 51.8% vs. 49.9% under Trump: Millions of full time jobs remain missing

Just in time for Christmas, another China slave laborer smuggled note story

Here.

Jobless claims through 12/14/19 were higher than year ago levels, in all three categories

Sean Hannity is wrong: Labor force participation for men is still in the toilet

Elise Stefanik joins 33 other Republican traitors to help Democrats pass Farm Workforce Modernization Act

The roll call is here.

Among the others joining her in the infamy were Fred Upton and Devin Nunes.

The fact is no Republican had to vote for it for it to pass, so this is most definitely on them.

The bill would give green cards to undocumented farm workers, which is amnesty.

Employment discrimination against the old: More than 50% over 50 get fired, almost all end up in low-wage jobs from then on

Sudden and harrowing downward mobility:

According to the Urban Institute, more than half of all workers over 50 in the U.S. eventually lose their jobs involuntarily, and 90 percent of those workers get consigned to lower-paying work for the rest of their careers.

Full-time jobs fall 605,000 in November, 50.388% of population employed full-time on average through November in 2019

Part-time jumped 483,000.

The 2019 average percentage of the population working full-time remains unchanged from October, despite the 605,000 drop in November.

If 52.2% still had full-time jobs as in 2006 and 2007, there would be 4.7 million more working full-time in 2019 than are, on average.

We live in an economy which has shrunk.

Whaddayamean we don't have a king?

King of Shitty GDP

King of Unemployment

Or was it the other way around, I can't remember now.

Missed this 33K spike in jobless claims compared with a year ago the day before Thanksgiving last week

Jobless claims through 11/9/19 running slightly ahead of year ago level

Full time employment is still abnormally low in the eighth year of painfully slow recovery

On an average basis through October 2019, just 50.37% of civilian noninstitutional population works full time.

A simple return to the rate of 51.3% which still prevailed throughout 2008, before the black communist got elected and scared employers half to death, would mean almost 3 million more working full time at current population level than do.

It took Reagan only three years to dig out of similar depths to which we sank in 2009, 2010 and 2011, but here we are in the eighth year of recovery and can't crack 50.5%.

Pathetic. 

Kim Lardassian gets hers, but illegal immigration just gets worse, health care premiums soar under Obamacare, GDP grows at a crawl, and barely 50% of us have full time jobs

The rising share of workers not making the average wage

Note that under Bill Clinton, many important things happened which were detrimental to the middle class:

Bill Clinton raised taxes shortly after taking office in 1993 even though he had run promising not to.

Part-time employment soared as a result. 

Borrowing from home equity lines also soared as the middle class struggled to maintain its lifestyle in the wake of the recent recession, reducing "owners' equity in real estate" dramatically.

And, of course, the percentage of Americans not making the raw average wage ballooned by 2.6 points under Clinton, and by 4.1 points total by 2018.  

The difference between a payroll population not making the raw average wage in 2018 at 63.3% vs. 67.4% is 6.87 million.

That's roughly equivalent to the number of homes lost to foreclosure in the housing debacle, which bottomed in the spring of 2012. The share not making the average wage first hit 67% that same year.

This history since 1990 is a picture of the middle class under pressure and actually shrinking.

The only good thing that can be said about it is that the trend is flat since 2015, not worsening.

The trend for growth of part-time work since 1968 has been much stronger than for full-time, saving business the cost of paying benefits such as paid holidays, sick time, retirement and health insurance

PART-TIME

FULL-TIME

Note the huge jumps in the percentage working part-time due to the Clinton tax increases after his election in 1992 and after the Great Recession in 2008.

Full-time has still not recovered to the two decade experience pre-Great Recession.

Jobless claims week ending 10/12/19 end 7,340 higher than the same week a year ago

Twelve years ago under Bush 43 52.36% of Americans had full-time jobs, today just 50.72% do, a deficit of 4.242 million full-time jobs

It's not an economic boom today anymore than September 2007 was, but after the catastrophe of 2008-2009 and the Obama years, some are just relieved that the torturer has stopped visiting their jail cells and mistake that for freedom.

September 2007 (click to enlarge)

September 2019 (click to enlarge)

Rush Limbaugh crows about minority employment: Meanwhile whites' share of jobs tanks as Hispanics' share soars under Donald Judas Trump

RUSH: The economic news… Folks, this is huge: 286,000 more Hispanics had jobs in September. It was the lowest unemployment rate for African-Americans to boot. It fell to 5.4% in September. That’s the lowest level since December ’73 when they started keeping the stats. The economic news is just through-the-roof good.

Jobless claims report for 10/3/19 higher than year ago levels

Jobless claims slightly ahead of a year ago again

Trump shill Andy Puzder complains of non-existent labor shortage, suggests more legal immigration while 3 million teenagers sit idle

Labor Shortage May Imperil Growth:

[T]he tight labor market is the elephant in the room. ... In July, the most recent month for which we have data, job openings stood at 7.2 million—nearly 1.2 million more than the number of unemployed. ... [A]t some point the economy will need more workers to meet that demand.

That means job training is increasingly important, particularly for discouraged workers who want to re-enter the labor force. ... Higher levels of merit-based legal immigration—as opposed to immigration based on distant family connections—could also relieve some of the pressure.

Both business owners and jobs data tell us the same thing: To sustain the recovery, the U.S. needs more workers.

The real elephant in the room is idle teenagers.

In 1978, 8.1 million American teenagers aged 16-19 had jobs, on average. That was 48.5% of their population of 16.7 million teens at the time.

In 2018 just 5.1 million teenagers worked on average, out of an equally matched population of 16.8 million aged 16-19. That's just 30.4% working.

Apply the 48.5% rate to today's average teen population and presto! 3 million more instantly working than are.

We don't need more immigrants. We need parents to kick their kids' butts, kids who increasingly fail to launch because they are in desperate need of job experience to help them grow up, become responsible and fly straight.

And it would also help to eliminate the minimum wage. What grocery store wants to pay some kid $7.25 an hour to corral shopping carts, restock returns and take out the trash? And adjusted for inflation from 1938, the minimum wage in 2018 should be closer to $4.45 an hour anyway, nearly 39% less than it is.

The higher than it should be minimum wage is a tax on teenage employment. And as with all taxes, the more you tax something the less of that something you get. That's one reason high levels of illegal immigration remain so persistent. It's a natural response to an unnatural situation created by hypocritical politicians who claim to believe in the free market but don't really.

And it's nothing new. We just hoped Trump & Co. would be different.