New York Times (March 11)
President Trump “may want to take credit for the 235,000 jobs created last month, but at this early stage of his administration, the tally reflects trends established under President Obama.” Trump has been dealt a very good hand. After adding an average of 200,000 jobs monthly during the last year, “the economy is steadily progressing toward full employment.” Mr. Trump’s challenge is whether “his policies foster the trend, or derail it?”
The Daily Telegraph (August 3)
In the UK, “unemployment will be permanently higher than its pre-recession level once the economy is back to full strength due to the ‘scar’ left by the financial crisis.” Full employment will now be achieved when unemployment reaches 6.2%. Before the crisis, this was 5.25%. Findings by the respected National Institute of Economic & Social Research (NIESR) suggest “an increase of that size would put 300,000 more people permanently on the dole.”
Tags: Financial Criss, Full employment, UK, Unemployment
