The United States economy continued to roar to life under President Trump in November, with the private sector adding more than 266,000 new jobs in just one month; smashing industry expectations.
“The jobs market turned in a stellar performance in November, with nonfarm payrolls surging by 266,000 and the unemployment rate falling to 3.5%, according to Labor Department numbers released Friday,” reports CNBC.
“Those totals easily beat the Wall Street consensus. Economists surveyed by Dow Jones had been looking for solid job growth of 187,000 and saw the unemployment rate holding steady from October’s 3.6%. The decline in November’s jobless rate came amid a corresponding 0.1 percentage point drop in the labor force participation rate, to 63.2%,” adds the website.
GREAT JOBS REPORT!
— Donald J. Trump (@realDonaldTrump) December 6, 2019
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AMERICA UNLEASHED: January Job Growth ‘SHATTERS’ Expectations, +304K Positions
The American economy continued to soar under President Trump during the first weeks of 2019; “shattering” expectations and posting over 300,000 new positions in January alone.
“Job growth in January shattered expectations, with nonfarm payrolls surging by 304,000 despite a partial government shutdown that was the longest in history, the Labor Department reported Friday,” reports CNBC.
“Economists surveyed by Dow Jones had expected payrolls to rise by 170,000 and the unemployment rate to hold steady at 3.9 percent,” adds the report.
The strong economic data comes just weeks after President Trump ended the longest shutdown in US history; giving Congress a mid-February deadline to reach a bipartisan budget agreement or face another potential government gridlock.
Read the full report at CNBC.
ECONOMY SOARS: Job Growth ‘SURGES’ 312K+ in December, Wages JUMP 3.2%
The American economy continued to soar under President Trump in December; with job growth surging by 312,000 nonfarm payroll positions and averages wages rising a stunning 3.2% from the same period last year.
According to CNBC, “Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December.”
“In addition to the big job gains, wages jumped 3.2 percent from a year ago and 0.4 percent over the previous month. The year-over-year increase is tied with October for the best since April 2009. The average work week rose 0.1 hour to 34.5 hours,” adds the article.
The strong economic data comes just one day after Democrats took control of the House of Representatives, where Speaker Pelosi has routinely vowed to repeal the GOP-sponsored tax cuts and introduce new regulations on banks and US businesses.
Read the full report here.