We’ve somewhat come to expect exciting news in a Trump-era economy, but the latest news on that front really is breathtaking.
A record 158,510,000 Americans are now working, the 23rd such record since President Donald Trump took office.
The nation’s labor force participation rate also set a Trump-era high of 63.3 percent. This number is explained in greater detail below, but the higher, the better. Payroll taxes from people who work help support programs for those who don’t.
The economy added 128,000 jobs in October, higher than economists expected, given the General Motors strike that began on Sept. 15 and lasted six weeks.
Notable job gains occurred in food services and drinking places, social assistance, and financial activities,the Bureau of Labor Statistics said.
The unemployment rate, which set a 50 year low of 3.5 percent last month, ticked up a tenth of a point to 3.6 percent.
But the unemployment rate for black Americans, 5.4 percent in October, has never been this low.
That, in a nutshell, is what a President Donald Trump Administration has accomplished in less than three years.
Stunning that no previous administration ever came close to these numbers.
And then there’s the matter of actual wages.
Wages continued to climb in October. Average hourly earnings for all employees on private, nonfarm payrolls rose by 6 cents to $28.18 last month. Over the past 12 months, average hourly earnings have increased by 3.0 percent.
That is, for sure, a better raise than the country had collectively under eight years of Obama.
And the Democrats and legacy media keep putting out polls claiming President Trump has lower approval ratings and may not win the 2020 presidential election.
No one with half a brain believes that.