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Economy

JOBS SURGE: January Jobs Report Smashes Expectations, 225K+ New Positions, Wages Jump 3.1%

posted by Hannity Staff - 2.07.20

The United States economy continued to roar to life in 2020 with latest reports showing more than 225,000 jobs added and a 3.1% bump in average hourly wages since the same period last year.

“The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013, according to data released Friday by the Labor Department,” reports CNBC.

 

“Economists surveyed by Dow Jones were looking for payroll growth of 158,000 and the jobless rate to stay at 3.5%, its lowest in more than 50 years,” adds the website.

Read the full report here.

Source: CNBC

AMERICA UNLEASHED: Hispanic Unemployment Rate LOWEST IN US HISTORY

posted by Hannity Staff - 8.03.18

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.

AMERICA UNLEASHED: Stock Market HITS ALL TIME HIGH, Unemployment at 49 YEAR LOW

posted by Hannity Staff - 9.20.18

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!”

“The Dow Jones Industrial Average hit its first record high since January on Thursday as gains in Apple and a decrease in trade fears lifted the 30-stock index… The Nasdaq Composite also rose 0.5 percent,” writes CNBC.

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.

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