What Is Obama's Real Record On Jobs?

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What will Obama’s legacy on jobs be? Ana Kasparian, Brett Erlich, and Aida Rodriguez, hosts of The Young Turks, discuss. Tell us what you think in the comment section below. http://tytnetwork.com/go

"The U.S. economy added 156,000 jobs in December and the unemployment rate increased slightly, to 4.7 percent from 4.6 percent in November, the Labor Department said on Friday. The number hired was lower than the consensus estimate of 178,000 forecast by analysts.

The U.S. economy added 2.16 million jobs in 2016 based on preliminary figures for the last two months of the year, which amounts to a decline from the 2.74 million of the previous year and the 3.02 million in 2015. Hiring tends to slow as the unemployment rate drops.

An unemployment rate below 5 percent is generally regarded by economists to be “full employment,” the point where the economy has reached an acceptable level of joblessness and where wages begin to rise. But the labor force participation rate for adults aged 25 to 54, which edged up slightly last month, is still hovering at lows unseen since the 1980s. This means there continues to be considerable slack in the labor market even as more people who gave up looking for work start to return to the labor market.

Average hourly wages ticked upward last month by 10 cents, to $26 and rose by 2.9 percent for the year. Four percent annual growth is considered to be a normal, healthy pace of growth. Wages have been stagnant for much of the postrecession recovery period but they gained some momentum last year as the jobless rate dropped and employers began to come under pressure to offer higher wages.”*

Read more here: http://www.salon.com/2017/01/06/president-obamas-last-legacy-final-jobs-numbers-indicate-more-people-are-looking-for-work/

Hosts: Ana Kasparian, Brett Erlich, Aida Rodriguez
Cast: Ana Kasparian, Brett Erlich, Aida Rodriguez

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