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.
AMERICA UNLEASHED: Stock Market HITS ALL TIME HIGH, Unemployment at 49 YEAR LOW
The US economy continued to smash records and surpass expectations in September, with new data showing the American unemployment rate at a half-century low and the Dow Jones Industrial Average reaching an all-time high.
According to CNBC, the Dow rose 219 points Thursday with the S&P 500 also breaking its previous record. The President hailed the news on social media, saying “S&P 500 HITS ALL-TIME HIGH Congratulations USA!”
S&P 500 HITS ALL-TIME HIGH Congratulations USA!
— Donald J. Trump (@realDonaldTrump) September 20, 2018
The stunning economic data may spell disaster for Democrats hoping to retake Congress this fall, with House Minority Leader Nancy Pelosi vowing to repeal the ‘GOP Tax Scam’ should her party win big during the midterm elections.
Read the full report at CNBC.
AMERICA UNLEASHED: Hispanic Unemployment Rate LOWEST IN US HISTORY
The unemployment rate for Hispanic-Americans plunged to a record-setting low in July; plummeting to just 4.5% last month and smashing estimates as the US economy continues to soar under President Trump.
“The unemployment rate for Hispanic or Latino workers fell to 4.5 percent in the month, lower than the previous record of 4.6 percent that was set just the month before,” writes the Washington Examiner. “President Trump touted the unemployment numbers Wednesday in a meeting with inner-city pastors at the White House.”
“So important, because we have companies, once again, coming back into our country, and they want to employ people,” said the President. “So we’re training and working with these people, and we’re getting companies to do the same. It’s been — actually, it’s been a very beautiful thing.”
The strong economic data throws more cold-water on the media’s over-hyped “blue wave” predicted for this fall, with House Minority Leader Nancy Pelosi vowing to repeal the widely popular GOP tax cuts should Democrats retake control of Congress.
Read the full report at the Washington Examiner.