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Upward trend in coal employment that started in mid-2016 may have taken a turn in fourth quarter.
Retweeted by Ken Ward Jr.: https://twitter.com/Kenwardjr
Despite Trump's promises, early federal government data shows an upward trend in coal employment that started in mid-2016 may have taken a turn in the fourth quarter: https://platform.mi.spglobal.com/web/client?auth=inherit#news/article?id=43278963&cdid=A-43278963-11050 …
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Basically, it's looking like the bounce off the bottom has stabilized. My guess would be this will now again continue the long-term, secular decline as plants retire. Maybe a few tiny bounces here and there based on export markets.
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after 3 straight monthly declines in Q4/17, coal employment under Trump is now up by 500 under Trump - an increase of 1%.
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BLS data is informative but I prefer MSHA. MSHA is based on actual employment as reported by coal co's whereas BLS is phone survey/estimate, but yeah, similar trend.
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