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.
Breaking: Employers added 225,000 jobs in January and the jobless rate was 3.6%, signs the U.S. labor market is positioned to fuel economic growth in 2020 https://t.co/hGUqpe5NDG
— The Wall Street Journal (@WSJ) February 7, 2020
EMPLOYMENT WATCH: U.S. creates 225,000 new jobs in January. Way above 164,000 MarketWatch forecast. Unemployment rises to 3.6% from a 50-year low of 3.5%. Wages climb at 3.1% yearly rate in January. Very good report. Strong U.S. labor remains market resilient.
— MarketWatch Economy (@MKTWeconomics) February 7, 2020
“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.
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.
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.