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

Pay increases for the bottom 80% of workers under Trump still lag those under George W. Bush at 2.9% vs. 3.2%

Average increases year over year through November 2019 and all of 2017 and 2018 average just 2.9% vs. Bush 43's 8-year average of 3.2%.

Yet all we hear is how this is the greatest economy ever, the greatest economy in decades, yada yada yada.

It's all BS.

It's the best economy in about eight years for your average worker, but still not as good as it was under Bush 43.

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.

Average weekly hours for 80% of workers quarterly, post-Great Recession, has never recovered to pre-recession cyclical high of 33.9 and is as low now as when Trump was inaugurated

The coming recession is evident from the change to the index for weekly hours, which hit a new low for this cycle in 3Q2019

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)

Average hourly earnings increases for bottom 80% of workers (non-management) were good at 3.4% in 3Q2019, but still fell far short of late period Reagan, Clinton and Bush 43 performance