By: Brian Evans
While Democrats and left-wing pundits slam the unemployment rate ticking up from 3.6% to 3.7%, it is actually a good sign, although they won’t tell you why!
In fact, the increase to 3.7 percent, which still hovers at multi-decade lows, isn’t because of businesses and corporations laying people off of work, but instead, it shows that Americans who had previously given up on looking for work, and had dropped off of the unemployment rate calculations, are now returning, and actively seeking jobs!
In fact, the labor force participation rate, which measures the share of working-age Americans working or looking for work, rose to 62.9 percent in June from 62.8 percent in May, which officially ended several months of slowing work participation!
Therefore, it actually shows that as unemployment is at an all-time low, more Americans are returning to work, as well as, those who had given up, are now looking for work! It is a key indicator of extremely low unemployment, and massive economic growth!
As for the 2020 election, it shows that in addition to an incredibly strong economy, America’s workforce is happier, wealthier, and has a strong financial footing! However, there is still more room to grow, as the labor participation is still WELL BELOW THE PRE-GREAT RECESSION LEVELS! That is very promising, as the 2020 election nears, leaving the President with even more massive growth in America’s economy, which is good news for both the American people, those who may want to return to work, and the President as well!