Job market stays hot, unemployment rate matches 54-year low

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Job market stays hot, unemployment rate matches 54-year low
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The last time the unemployment rate was this low, we hadn’t yet landed on the moon. (via MaddowBlog)

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I’m mindful of the chatter about whether the economy is in a recession, but by any reasonable measure, these are not recession-like conditions.to put the data in perspective. Over the course of the first three years of Donald Trump’s presidency — when the Republican said the United States’ economy was the greatest in the history of the planet — the economy created roughly 6.35 million jobs, spanning all of 2017, 2018 and 2019.

According to the latest tally, the U.S. economy has created nearly 13.2 million jobs since January 2021 — roughly double the combined total of Trump’s first three years.. I have a hunch GOP officials will keep the trend going today.

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