{"id":15387,"date":"2020-03-07T21:48:08","date_gmt":"2020-03-08T03:48:08","guid":{"rendered":"http:\/\/www.paristn.net\/articles\/?p=15387"},"modified":"2020-03-07T21:48:08","modified_gmt":"2020-03-08T03:48:08","slug":"as-job-creation-exceeds-expectations-again-under-president-donald-trump-women-workers-see-further-gains","status":"publish","type":"post","link":"https:\/\/www.paristn.net\/articles\/2020\/03\/07\/as-job-creation-exceeds-expectations-again-under-president-donald-trump-women-workers-see-further-gains\/","title":{"rendered":"As Job Creation Exceeds Expectations Again Under President Donald Trump, Women Workers See Further Gains"},"content":{"rendered":"

\"TheWashington, D.C.<\/strong> – The U.S. labor market continues to build on its impressive gains over the past three years of the Donald Trump Administration. According to the Bureau of Labor Statistics\u2019 monthly Employment Situation release, nonfarm payroll employment increased by 273,000 in February\u2014adding nearly 100,000 more jobs than market expectations.<\/p>\n

Additionally, preliminary payroll growth estimates for January and December were revised upward by a total of 85,000 jobs, bringing the monthly average over the past three months to 243,000 new jobs.<\/p>\n

\"U.S.<\/a>

U.S. President Donald Trump tours Apple facility in Austin with daughter Ivanka Trump. (White House)<\/p><\/div>\n

<\/p>\n

To put these gains in context, in only two months, the U.S. economy has added 105,000 more jobs than the Congressional Budget Office projected would be created over the entirety of calendar year 2020 (441,000) in its final pre-2016 election forecast.<\/p>\n

Considering the historically low unemployment rate, accelerating job growth at this point in the recovery shows the U.S. economy is strong and resilient against shocks. It is much more difficult to create jobs later in an economic expansion, as continued job growth at this elevated level requires bringing workers off the labor market\u2019s sidelines.<\/p>\n

This is exactly what is happening under President Donald Trump: Over the past three months, the average share of new workers who came from outside of the labor force was 72.6 percent, near the historic high set at the end of 2019. Because of people coming off the sidelines, job growth relative to the number of unemployed is more than 60 percent higher under President Trump than it was under the previous administration\u2019s expansion.<\/p>\n

The Trump Economy continues to drive increased labor demand and an increase in wages as businesses compete to raise pay to attract workers. Nominal average hourly earnings increased at a 3 percent rate year-over-year, making February the 19th consecutive month that this measure of wage growth has been above 3 percent\u2014a level not seen in more than a decade.<\/p>\n

\"Female<\/a><\/p>\n

At 3.3 percent, nominal wage growth for production and non-supervisory workers was even higher than overall wage growth. Under President Donald Trump, workers\u2019 wages are continuing to rise faster than managers\u2019\u2014the opposite of what occurred under the previous administration. Evaluating lower-income workers\u2019 wage gains in states that did not raise their minimum wages shows that this recent growth is a result of the strong economy, not minimum wage hikes.<\/p>\n

The separate household survey shows that the unemployment rate fell to 3.5 percent\u2014a 50-year low previously reached in late 2019 under President Trump. For the past two years, the unemployment rate has been at or below 4 percent. As shown in the figure below, the female unemployment rate fell to match a 66-year low of 3.4 percent in February.<\/p>\n

After gaining 4.3 million jobs since President Trump\u2019s election, women now make up a majority of payroll employment. Last year, 71.2 percent of new jobs went to women, up from 45.7 percent over the expansion before President Trump took office.<\/p>\n

[320left]The prime-age (25-54) female employment-population ratio was 74.7 percent in February, 3.4 percentage points above when President Trump was elected and 0.2 percentage point below the highest level on record. The gap between prime-age male and female labor force participation rates has decreased 1.7 percentage points under the Trump Administration and set a record low of 12.3 percentage points this year.<\/p>\n

Initial claims for unemployment insurance, which is one of the Federal Government\u2019s closest to real time labor market indicators, remained low at 216,000 in the week ending on February 29th. With this week\u2019s release, initial claims have remained at or below 300,000 for 261 consecutive weeks\u2014the longest such streak since at least 1967, despite the labor force more than doubling since then. Furthermore, monthly claims for unemployment insurance adjusted for the size of the population reached the lowest level ever recorded this year.<\/p>\n

Strong labor market gains are leading to more work and higher pay for workers across demographics, but women have seen especially impressive gains under President Trump. With 546,000 jobs already created over the first two months of 2020 and workers continuing to come off the sidelines, there is reason to expect that the resilient labor market will continue breaking records over the rest of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Washington, D.C. – The U.S. labor market continues to build on its impressive gains over the past three years of the Donald Trump Administration. According to the Bureau of Labor Statistics\u2019 monthly Employment Situation release, nonfarm payroll employment increased by 273,000 in February\u2014adding nearly 100,000 more jobs than market expectations. Additionally, preliminary payroll growth estimates […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[181],"tags":[11444,1484,12722,3352,1168,12721,6487,3338],"class_list":["post-15387","post","type-post","status-publish","format-standard","hentry","category-government","tag-donald-trump","tag-employment","tag-ivanka-trump","tag-jobs","tag-u-s-economy","tag-u-s-labor-force","tag-u-s-president","tag-washington-d-c"],"_links":{"self":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/15387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/comments?post=15387"}],"version-history":[{"count":1,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/15387\/revisions"}],"predecessor-version":[{"id":15388,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/posts\/15387\/revisions\/15388"}],"wp:attachment":[{"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/media?parent=15387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/categories?post=15387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paristn.net\/articles\/wp-json\/wp\/v2\/tags?post=15387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}