Yet another benchmark of American financial strength that goes back before Obama’s Term in office.
Job growth for October was staggeringly high — a quarter of a million jobs were created.
Barry’s gotta be fuming.
Other than the remnants of a few social programs, it’s almost as though POTUS 44 doesn’t have any legacy at all.
Maybe THAT has something to do with why the left is so pissy lately.
Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, the Labor Department reported Friday.
“The job market is doing remarkably well, particularly this late in the expansion,” said Jim Baird, partner and chief investment officer for Plante Moran Financial Advisors. “This report adds yet another data point to a narrative that has been positive for the labor market this year. Little seems to stand in the way of the economy finishing 2018 out on solid footing.”
The ranks of the employed rose to a fresh record 156.6 million and the employment-to-population ratio increased to 60.6 percent, the highest level since December 2008, according to the department’s household survey. That headline jobless number stayed level even amid a two-tenths of a percentage point rise in the labor force participation rate to 62.9 percent.
But the bigger story may be wage growth, which has been the missing piece of the economic recovery. Average hourly earnings increased by 5 cents an hour for the month and 83 cents year over year, representing a 3.1 percent gain. The annual increase in wages was the best since 2009.
Over the past 12 months, job gains have averaged a solid 211,000 despite sentiment from the Fed and elsewhere that the economy is at or near full employment.
A broader measure of unemployment that takes into account discouraged workers and those holding jobs part time for economic reasons edged lower to 7.4 percent.
Job growth skewed by full-time positions, which rose by 318,000, while part-time jobs increased by 242,000, according to the household survey.
Another closely watched internal metric, the average work week, increased 0.1 hour to 34.5 hours.
If you look, this isn’t something the Left can blow off as just a ‘FoxNews’ statistic. This is one of THEIR networks reporting.
This is YUGE — that’s a quarter of a million jobs added in October.
Obama admitted that he didn’t know how to bring some jobs back and asked ‘What magic wand do you have?‘ Suddenly, now that the ‘MAGA Magic’ has been revealed, he’s trying to take credit for the roaring economy.
Yo, B.O., here’s a PSA for ya:
— BlazeTV (@BlazeTV) November 2, 2018
And between this story and the 4 ‘caravans’ now making their way to the US Border, isn’t it interesting how the Midterm Decision comes right back to that question of mobs vs jobs?
As Scott Adams said:
“Mobs” by itself doesn’t work. But “Jobs Not Mobs” is brain glue plus framing and contrast. Science says the brain interprets rhymes as persuasive.
— Scott Adams (@ScottAdamsSays) October 12, 2018
It caught on.
JOBS NOT MOBS! pic.twitter.com/dRthsaDGOI
— The Trump Train ???????????? (@The_Trump_Train) October 15, 2018
Here’s a commercial that really highlights the contrast. (As you can guess, the Democrats don’t like it.)
They don’t like it at all.
But what else is new? They hate everything.
Remember how freaked out the Libs got after seeing Trump in his trademark red-and-white hat?
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