Proof that this really is the best jobs economy ever

Proof that this really is the best jobs economy ever 

Bottom Line: As recently as Monday the President tweeted this: In many ways this is the greatest economy in the HISTORY of America and the best time EVER to look for a job! 

Now, due to the President's proclivity to seemingly take claims just a little too far – many were predictably skeptical of that particular claim. But here's the thing. As is also often the case what seems to be an exaggeration or untruth at first is often proven to be true later (remember when the media was up in arms about his claims of Trump tower being tapped – btw, the media that slandered him then still haven't apologized or corrected their fake news reporting). So, let's address the economic claim...In many ways this is the greatest economy in the HISTORY of America  

Speaking strictly in terms of relative economic conditions the US economy is performing the best it has in 12-32 years based on which statistics you're looking at comparing. In absolute terms we do have record corporate earnings, record economic output and record net wealth for the average American driven by record high investment account balances and record home equity. But none of that is even the newest economic record. The final part of that tweet is especially instructive...and the best time EVER to look for a job! 

That's now demonstrably true. A fresh report just released from the Bureau of Labor Statistics shows a first-of-its kind phenomenon. There are literally more job openings in the United States than unemployed people! Here are the numbers: 

  • There are 6.7 million current job openings in the US 

  • There are 6.4 million unemployed Americans currently 

Pretty incredible. Now that's not to say that everyone out of work will fill a vacancy. There are still challenges that exist with the location of certain jobs compared to the location of some unemployed in addition to a skills gap that exists with many of the job opportunities but that takes nothing away from what President Trump cites as the best time EVER to look for a job! Once again it might sound like a stretch but it's absolutely true. 

 

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