It’s the economy, stupid!
The Trump economy added another 266K jobs in November, blowing past expectations of 180,000 by the Wall Street experts.
Can you say Trump re-election? Best economy in a generation…full employment…no inflation…wages growing at record clip…more people in U.S. working then ever before…Dems while witch-hunts and ruses while Trump gets U.S. workers jobs…U.S economy “the envy of the world”…October Jobs numbers adjusted +28,000…it only gets better…consumer confidence hits all time high…Black Friday, small business Saturday and cyber Monday hits new record…
The U.S. added 266,000 jobs in November, the Labor Department reported Friday, crushing expectations as the American economy powers through a global slowdown.
The unemployment rate remained steady during November, while the labor force participation also stayed even at 63.2 percent. The October jobs gain was also revised up by 28,000 jobs to 156,000, while the September jobs gain was revised up 18,000 jobs to 193,000.
The report brings the average monthly job gain over the past three months to 205,000 per month, a breathtaking pace.
Noted economists forecasted a U.S. gain of 180,000 jobs in November, factoring in 40,000 General Motors workers that returned to work after a 35-day strike. Continued job expansion in health care, professional and technical services sectors surge the economy through slight declines in other verticals.
Lousy economic growth in Europe and Asia put a damper on U.S. business investment, capital expansion, and exports.
U.S. consumer confidence is booming, boosting Trump’s re-election prospects in 2020.
JOB CREATION SMASHING EXPECTATIONS YET AGAIN
· Today’s report showed 307,000 new jobs, between the blockbuster job growth in November and the upward revisions to October and September’s figures.
o Jobs numbers for October and September were revised up by a combined 41,000 jobs.
· A remarkable 266,000 jobs were created in November – blowing past median expectations of around 180,000.
o Job growth beat expectations by more than 80,000 jobs.
o Average monthly job growth over the past year has now reached an incredible 183,700 jobs per month.
· More than 7 million jobs have now been created since President Trump’s election.
o More jobs have been created since the election than the entire population of the state of Massachusetts.
o Employment gains have now surpassed 100,000 in 33 of the 36 months since President Trump was elected.
· Since President Trump’s election, 713,000 construction jobs have been created – an average of 20,000 per month.
· Another 54,000 manufacturing jobs were added in November for a total of 524,000 since the President was elected.
· These numbers once again demonstrate how President Trump’s pro-growth policies continue to defy the doubters and help put millions back to work.
o The Trump economy has created 5.1 million more jobs than the Congressional Budget Office projected in its final forecast before the 2016 election.
WAGE GROWTH CONTINUES TO SOAR
· Workers across the country are experiencing a significant increase in their wages.
· Wages have increased 3.1% percent over the prior 12 months.
o This is the 16th consecutive month that year-over-year wage growth has been at or above 3%.
· Indicators suggest that average earnings continue to increase faster than inflation – meaning real gains for American workers and their families.
UNEMPLOYMENT AT HISTORIC LOWS
· The unemployment rate dropped to 3.5% in November, matching its lowest point in half a century.
o This marks the 21st consecutive month that the unemployment rate has been at or below 4%, the longest streak in nearly 50 years.
· Americans of all backgrounds are thriving in today’s booming economy.
o The unemployment rate for African Americans remained near its record low and the rate for African American men hit a new record low of 5.1%.
o The unemployment rate for Hispanic men plummeted to 3%, matching its record low.
· The booming economy is helping millions of Americans to get off the sidelines and back into the workforce.
o Since President Trump’s election, 2.1 million prime-age workers have joined the labor force.