Patriots: For over 25 years, your generosity has made it possible to offer The Patriot Post without a subscription fee to military personnel, students, and those with limited means. Please support the 2021 Year-End Campaign today.

Nate Jackson / September 6, 2019

Another ‘Weak Month’ of Job Growth?

The biggest problem is that small businesses can’t find enough qualified workers.

August jobs numbers came in “less than expected.” While the headline unemployment rate remained at 3.7%, just 130,000 jobs were created last month, and 28,000 of them were temporary government jobs ahead of the 2020 census. Reuters notes, “A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they cannot find full-time employment, rose to 7.2% from a more than 18-year low of 7.0% in July.” It’s pretty tough to improve upon full employment, which even Reuters admitted back in 2017 when the headline unemployment rate was 4.7%.

Manufacturing in particular was weak, adding just 3,000 jobs in August. According to Reuters, “Manufacturing has ironically borne the brunt of the Trump administration’s trade war, which the White House has argued is intended to boost the sector.” That’s not wrong, but context is important.

Fighting the trade war China started is hard; it has economic costs. But which is better? Fighting dishonest and manipulative communists in Beijing, or succumbing to dishonest and manipulative socialists in America who want to fundamentally transform the U.S. economy to fight climate change — while the Chinese, in their pollution-spewing factories, laugh all the way to the bank?

Meanwhile, CNBC reports, “Labor force participation also increased, rising to 63.2% and tying its highest level since August 2013. The total number of Americans considered employed surged by 590,000 to a record 157.9 million.” Wages are up a healthy 3.2% for the year, which continues to drive consumer spending.

A final note of explanation for slower job growth. Small businesses, which account for the vast majority of jobs and economic growth, are still hiring, but they’re having trouble finding workers. William Dunkelberg, chief economist for the National Federation of Independent Business, says of the historically tight job market among small businesses, “If any of the widely discussed ‘slowdown’ occurs, a significant contributor will be the unavailability of labor.” He indicates, “Sixty-four percent [of business owners] reported hiring or trying to hire (up 1 point), but 57 percent (89 percent of those hiring or trying to hire) reported few or no ‘qualified’ applicants for the positions they were trying to fill. A record 27 percent of all owners cited the difficulty of finding qualified workers as their Single Most Important Business Problem, a clear indication that a shortage of qualified workers is slowing growth.”

All in all, says Dunkelberg, it’s “hard to call it a ‘recession’ when job openings still exceed job searchers.” That doesn’t mean Democrats and the Leftmedia won’t keep trying.

Start a conversation using these share links:

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2021 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.