The number of Americans employed in a full-time position smashed records in June, with over 155 million taking part in the work force as the US economy continues to soar under President Trump and the GOP-controlled Congress.
According to CNS News, there are currently 155,576,000 Americans taking part in the US labor force; the highest number on record.
“On Friday, the Labor Department’s Bureau of Labor Statistics said the economy added 213,000 jobs in June, a strong number; the number of employed Americans, 155,576,000, set its tenth record of the Trump presidency,” writes CNS.
“A lower labor force participation rate is associated with lower gross domestic product and lower tax revenues. It is also associated with larger federal outlays, because people who are not in the labor force are more likely to enroll in certain federal benefit programs,” adds the Congressional Budget Office.
Read the full report here.