President Trump just got some great news and it couldn’t have come at a better time. The political noise has gone up to 11 and that may blunt the impact of these incredible numbers but if the facts break through the noise the Dems are doomed Tuesday.
Because we just hit massive job numbers for October and even better wages are finally starting to go up after years of stagnation. From CSN And there was very good economic news on Friday, as the Labor Department’s Bureau of Labor Statistics rolled out the October employment report — the final one before next week’s midterm election.
The number of employed Americans has never been higher. The 156,562,000 Americans employed in October is the twelfth record set under President Donald Trump.
The unemployment rate held at 3.7 percent, the same as last month and the lowest it’s been in decades — since the end of 1969. And the Hispanic unemployment rate, 4.4 percent, has never been lower.
The unemployment rate for African-Americans, 6.2 percent, remained near the all-time low of 5.9 percent set in May. On top of those numbers, the economy added a whopping 250,000 jobs last month. After revisions, job gains have averaged 218,000 over the past 3 months.
From Bloomberg: U.S. hiring rebounded by more than forecast in October, annual wage gains topped 3 percent for the first time since 2009 and the jobless rate held at a 48-year low, signaling the labor market will keep driving consumption and economic growth.
Nonfarm payrolls rose 250,000 after a downwardly revised 118,000 gain, a Labor Department report showed Friday.
The median estimate in a Bloomberg survey called for an increase of 200,000 jobs. Average hourly earnings for private workers advanced 3.1 percent from a year earlier and the unemployment rate was unchanged from September at 3.7 percent, both matching projections.