During her Thursday press briefing, House Minority Leader Nancy Pelosi (D-Calif.) faced a difficult choice: either admit that an 18-year low in unemployment was good news or downplay and avoid giving President Donald Trump credit.
She chose the latter, saying that unemployment was only part of the economic picture. A reporter had asked her “The unemployment rate in May was 3.8 percent—the lowest it has been in 18 years. Is that good news?”
“We are going to increase the frustration of America’s families,” Pelosi argued, “because they’ll be saying: Hip, hip hooray, unemployment is down! What does that mean to me in my life? I need a bigger paycheck.”
Nancy Pelosi is not so happy that unemployment is down under Trump pic.twitter.com/9sPrqv1Opf
— Caleb Hull (@CalebJHull) June 8, 2018
Pelosi said that consumer confidence and wage growth were also important indicators that shoudn’t be ignored in the face of a lower unemployment rate.
“This isn’t just about the unemployment rate. it’s about wages rising in our country, so that consumer confidence is restored,” she said.
She added that the United States was experiencing a unique time in which Americans saw a decrease in unemployment but not government dependency.
“This is one unusual time and I follow it closely, where the unemployment rate is down, but the dependence on subsidies, food insecurity, housing subsidies, and the rest, has not gone down because of the wage stagnation,” she said.
As Independent Journal Review previously noted, the United States added 223,000 jobs in May while average hourly pay increased 2.7 percent since the same time last year.
For the FIRST time since record-keeping began, the U.S. has MORE job openings than unemployed workers. Wages are rising and people are being drawn back in to the workforce from the sidelines. 🇺🇸
— Ivanka Trump (@IvankaTrump) June 6, 2018
Unemployment among black Americans also reached the lowest level seen since the government started tracking it in 1972.