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According to the Wall Street Journal, with a rise of hiring in October, the unemployment rate has dropped all the way down to 4.1%.
With the new tax reform package, if it goes into place, corporate growth and business growth will follow, which will result in even more job creation.
According to the Wall Street Journal, with a rise of hiring in October, the unemployment rate has dropped all the way down to 4.1%.
With the new tax reform package, if it goes into place, corporate growth and business growth will follow, which will result in even more job creation.
The rate dropping to 4.1% is the lowest the rate has been since December of 2000.
The current drop in the unemployment rate has largely been encouraged by greater economic confidence, which has stimulated investment and hiring. The increase in confidence has been the result of a pro-growth president being in the White House, and the anticipation of actions such as tax reform.
The Wall Street Journal also points out that "The labor-force participation rate, a measure of all the potential workers who are working or want to be working, fell by 0.4 percentage point to 62.7% in October, the lowest reading since May. A higher rate is considered better, because it shows more people are in the workforce, helping the economy to grow. During the dot-com boom of the late 1990s and early 2000s, labor-force participation rate was around 67%, but it has fallen steadily since to levels not seen since the late 1970s."
The Gross Domestic Product expanded at a 3% annual rate in the third quarter capping the economy’s best six-month stretch of growth in three years.
The Conference Board on Tuesday said its October index of U.S. consumer confidence hit its highest level for the since December 2000.
While finding a job still remains a challenge for some people, business owners are beginning to invest in the economy, and our economic growth is only beginning.
The current drop in the unemployment rate has largely been encouraged by greater economic confidence, which has stimulated investment and hiring. The increase in confidence has been the result of a pro-growth president being in the White House, and the anticipation of actions such as tax reform.
The Wall Street Journal also points out that "The labor-force participation rate, a measure of all the potential workers who are working or want to be working, fell by 0.4 percentage point to 62.7% in October, the lowest reading since May. A higher rate is considered better, because it shows more people are in the workforce, helping the economy to grow. During the dot-com boom of the late 1990s and early 2000s, labor-force participation rate was around 67%, but it has fallen steadily since to levels not seen since the late 1970s."
The Gross Domestic Product expanded at a 3% annual rate in the third quarter capping the economy’s best six-month stretch of growth in three years.
The Conference Board on Tuesday said its October index of U.S. consumer confidence hit its highest level for the since December 2000.
While finding a job still remains a challenge for some people, business owners are beginning to invest in the economy, and our economic growth is only beginning.
-- Political Pistachio Conservative News and Commentary
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