This is what full employment looks like…and Leftists are outraged.
A decade after the worst economic downturn since the Great Depression, the United States suddenly finds itself at a place where almost everyone who wants a job can find one. The East Bay Times says the unemployment rate in December was 4.1 percent, leaving employers struggling to attract and retain good workers and raising the prospect of higher wages as the U.S. approaches congressional elections in November.
Since President Donald Trump signed a $1.5 trillion tax cut in December, several major employers have announced pay hikes or one-time bonuses. The latest came Thursday when Walmart announced plans to raise its starting hourly wage to $11 from $9 and distribute bonuses of up to $1,000. Other companies such as American Airlines, AT&T, Comcast and Bank of America have cited the tax legislation as the trigger for similar moves, drawing cheers from Republicans.
Unemployment has been lower than the 4.6 percent rate that the Federal Reserve says is sustainable over the long term since March, which helps explain the brightening outlook for workers.
Last month, the Republican Congress approved the $1.5 trillion tax cut that economists say will further stimulate the economy. More bad new for the National Socialists who dominate the Left.