RECORD 155215000 EMPLOYED
(CNSNews.com) - The number of employed Americans has now broken eight records, most recently in February, since President Donald Trump took office.
155,215,000 Americans were employed in February, 785,000 more than last month’s record 154,430,000, the Bureau of Labor Statistics reported on Friday.
The number of employed Black Americans hit a record high of 19,087,000 last month, and a record 72,530,000 women 16 and older were counted as employed.
The labor force participation rate increased three-tenths of a point, and the nation’s unemployment rate remained at a low 4.1 percent for a fifth straight month.
To put the unemployment rate in perspective, the last time we saw rates this low, Bill Clinton was president. In the final four months of 2000 -- Clinton's final full year in office -- the unemployment rate was 3.9 percent, and it dipped to a Clinton-era low of 3.8 percent for one month only, in April 2000.During Richard Nixon's term, the unemployment rate dropped to 3.4 percent at various times in 1968 and 1969, the lowest it had been since 1953.
-- The economy added a whopping 313,000 jobs in February. BLS said after revisions, job gains have averaged 242,000 over the last 3 months.
-- Wages continue to rise: In February, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to $26.75, following a 7-cent gain in January. Over the year, average hourly earnings have increased by 68 cents, or 2.6 percent.Read More...