The American economy continued to roar to life in the first quarter of 2019, with new data showing there are currently more job vacancies than there are unemployed Americans seeking work.
“The Labor Department reported that just 5.8 million are on unemployment. By comparison, there are over 7 million job openings,” reports the Washington Examiner.
“Driving inclusive economic growth, so all of our country’s hard working citizens can achieve the American dream, is our mission — and we’re making it happen,” said Ivanka Trump.
Happy Friday! In April…
▪️The U.S. added 263,000 JOBS, crushing market expectations!
▪️Unemployment rate fell to 3.6% = lowest rate since Dec 1969
▪️Adult (20+) women unemployment rate fell to 3.1% = lowest since 1953
This is what winning for America looks like! 🇺🇸 #JobsReport— Ivanka Trump (@IvankaTrump) May 3, 2019
“This is what winning for America looks like!” she added.
Read the full report at the Washington Examiner.
GREAT AGAIN: American Unemployment Claims Fall to Lowest Level in 50 YEARS
The number of Americans filing unemployment claims continued to plummet in early April, with new data showing applications dropping to levels not seen since October 1969.
“The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could temper expectations of a sharp slowdown in economic growth,” reports CNBC.
“Initial claims for state unemployment benefits fell 8,000 to a seasonally adjusted 196,000 for the week ended April 6, the lowest level since early October 1969,” adds the report.
The strong economic data comes as progressive Democrats -including Rep. Ocasio-Cortez and Sen. Bernie Sanders- vow to repeal President Trump’s tax cuts heading into the 2020 election.
Read the full report here.
GREAT AGAIN: America Regains Title of ‘World’s Most Competitive Economy’
The United States’ economy continued to roar to life under President Trump and the GOP-controlled Congress this month; officially regaining the title as the ‘World’s most competitive economy.”
The US topped the list for the first time since the ‘Great Recession’ of 2008, according to the World Economic Forum’s Global Competitiveness Report, scoring a whopping 85.6 index out of a possible 100.
“The ranking scores 140 economies on multiple drivers of competitiveness, including institutions and polices that drive productivity. Notably, this year the WEF adjusted its methodology so that its ranking has a better account of an economy’s future competitive advantages, including disruptive businesses and entrepreneurship,” writes Fox Business.
The other top five economies included Singapore, Germany, Switzerland, and Japan.
The strong economic report 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 fall.
Read the full story at Fox Business.
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