Year 1 Under The Trump Administration: Trends in the US Job Market

According to the Washington Post, since 2009, the unemployment rate in the United States has dropped by 50%. The traditional unemployment rate used by the US government and conducted by the Bureau of Labor Statistics which measures the percentage of the labor force that is unemployed and actively seeking jobs (U-3 rate),has dropped to 4.1%. The percentage of workers in the labor force who have quit actively looking for jobs or are part time workers (U-6 rate) has dropped to 8.1%

 In November, 228,000 new jobs wereadded to the United States economy. Under the current administration, the monthly average of jobs added to the market is 167,182 and since January 2017, it has provided the U.S job economy 1.8 million new jobs. 

In the last year, the unemployment rate has decreased in most fields. Jobs in the Education and Health, Business Services, and Leisure and Hospitality sectors showed the most growth. Although the economy is seeing performing well overall, wages are growing slowly. In December the average salary for a private sector worker was $26.63, a slow 2.5% increase from the previous months.
Mariam Carson


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