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In fact, we haven’t seen a monthly employment decline since 2010.This has led the unemployment rate to fall to its current (November 2016) level of 4.6% while average earnings have slowly risen.
Now with the approval of the Administration, I imagine it will increase, speeding up job loss in manufacturing, high tech, and business services.
Finally and most serious, his plans to undo the safeguards put in to protect the economy from the last financial crisis, such as getting rid of Dodd Frank, opens the nation up to the risk of a major recession, with massive job losses.
When that happens depends on the courage, numbers, strategy, unity, and staying power of those challenging the new administration and corporate friends of the administration.
What impact will the new administration’s policies have on job growth?
What is your prediction for the job market in 2017?