While July’s jobs report is encouraging, the labor participation rate is not
To watch an interview on this topic, please click here: http://tinyurl.com/hxtujz2.
Last Friday, I joined Fox Business host Stuart Varney, former Governor Mike Huckabee and others during Varney and Co. to discuss July’s jobs numbers. While Varney maintains that the report was solid (255,000 jobs were added), I pointed out that 225,000 individuals joined the employable population. I also told Varney that for the 28th month in a row, the labor participation rate has been at or under 63 percent. That is not encouraging at all. To give you some historical perspective, the rate hasn’t been that low since Carter was president. Varney and I wrapped up our discussion by talking about the negative impact Hillary’s economic plan would have on businesses. The segment is entitled: Was the jobs report solid in July?