Economy

DEVELOPING: US Manufacturing Posts BIGGEST JOB GAINS in 20 Years, Dow UP 750+

posted by Hannity Staff - 1.04.19

The United States economy continued to roar to life under President Trump towards the end of 2018; with new data showing the US manufacturing sector posting the biggest job gains in 20 years as the Dow soars over 750 points at mid-day trading.

“The manufacturing industry posted net job gains of 284,000 over 2018, capping its best calendar year since 1997,” writes CNBC. “Most of the gains occurred in blue-collar durable goods manufacturing, with growth in fabricated metals and computer and electronic products, the Labor Department said in its release.”

“Manufacturers are bringing people back into the workforce, and we need this trend to continue,” said one industry insider. “Our industry currently faces a workforce crisis with more than half a million open jobs today, and 2.4 million jobs expected to go unfilled over the next decade.”

Read the full report at CNBC.

AMERICA UNLEASHED: Job Market SMASHES Record in August, Over 7 MILLION Openings

posted by Hannity Staff - 10.16.18

The United States job market continued to reach new heights in August 2018, with recently released statistics showing available positions “dwarfed” American workers seeking full-time employment.

According to CNBC, there were over 7.1 million positions available in the United States at the end of August; smashing the previous record of 6.2 million just a month prior.

“Job openings hit a fresh record in August, indicating companies could face more inflationary pressures ahead with a tight labor market,” writes CNBC.

“The vacancies level hit 7.14 million for the month, according to the Job Openings and Labor Turnover Survey, a report Federal Reserve officials watch closely for clues about where employment stand,” adds the article.

The strong data comes just hours after a similar report showed the US Treasury took in a record haul of personal income tax in the 2018 fiscal year.

Read the full report at CNBC.

BACK TO WORK: Unemployment Drops to 3.7%, Lowest Since DECEMBER 1969

posted by Hannity Staff - 10.05.18

The US economy continued to smash expectations and break records in September, with recently released data showing the unemployment rate dropping to just 3.7%; the lowest level since December 1969.

According to CNBC, the nation’s job market roared to life last month as the unemployment rate for American workers plummeted to levels not seen in roughly 50 years.

“The unemployment rate fell two-tenths of a percentage point to 3.7 percent, the lowest level since December 1969 and one-tenth of a percentage point below expectations,” writes CNBC.

The unemployment rate for African-Americans dropped three-tenths of a percent to 6%; hovering slightly higher than the historic low of 5.9%.

The strong economic data may spell disaster for Democrats heading into the 2018 midterm elections, with House Minority Leader Nancy Pelosi vowing to repeal the ‘GOP Tax Scam’ should her party retake control of Congress this November.

Read the full report at CNBC.

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