Steven A. Camarota from the Center for Immigration Studies looked at first-quarter employment data in 2019 and found that Non-College educated Americans are still worse off today then they were after the great recession.
CIS.org:
- The overall unemployment rate for natives in the first quarter of 2019 was 4.1 percent, much lower than at the peak of the Great Recession. However, the overall unemployment rate obscures the low labor force participation rate, especially among those without a bachelor’s degree.
- There has been a long-term decline in the labor force participation rate of working-age (18 to 64) natives without a bachelor’s degree. Only 70.8 percent of natives in this group were in the labor force in the first quarter of 2019; in 2007, before the recession, it was 74.4 percent, and in the first quarter of 2000 it was 76.7 percent.
- The labor force participation rate of natives without a college degree has shown no meaningful improvement in recent years. For example, in the first quarter of 2012 it was actually slightly better than it was in the first quarter of 2019.
- The decline in labor force participation among those without a bachelor’s degree is even more profound when it is measured relative to those who are more educated.
- In the first quarter of 2019, 70.8 percent of natives without a bachelor’s degree were in the labor force, compared to 86.8 percent of those with a bachelor’s degree — a 16 percentage-point difference. In the first quarter of 2007, the gap was 12.3 percentage points; and in the first quarter of 2000 the gap was 11.4 percentage points.
- In 45 states plus the District of Columbia, labor force participation of natives without a college degree was lower in the first quarter of 2019 than the same quarter in 2007.
- Comparing 2000 to 2019, all 50 states plus the District of Columbia have a lower labor force participation rate for natives without a college degree in 2019.
The same goes for immigration however they have fared slightly better since 2000.
- Working-age immigrants without a college education also have not fared well since the recession. Unlike the labor force participation of natives, immigrants without a college education did improve their situation between 2000 and 2007. But it has not returned to 2007 levels.
- In the first quarter of 2019, the labor force participation rate of immigrants (18 to 64) without a bachelor’s degree was 73.3 percent, somewhat better than that of natives, but still below their rate of 73.8 percent in the first quarter of 2007.
This shows us a few things. The first is the idea Obama’s economy ever rebounded is nonsense. The elites have done great since 2007 working-class Americans not so much. The second is that President Trump still has a lot of work to do. Although the economy is undoubtedly doing better under Trump it is still not anywhere near where it needs to be. The bottom line is that millions of Americans are no longer even looking for work that are more than capable of being able to work.
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