In news that’s going to further anger folks on the left, President Trump’s economic policies continue to bear fruit, particularly when it comes to lowering the unemployment rate, which, by the way, has now hit the lowest numbers since 1969.
While this is extremely good news, as it means more and more Americans are going back to work and supporting themselves and their families, it’s not at all a positive development for left-wingers who were hoping a poor performance by Trump would aid them in the midterm elections.
The unemployment rate for September dropped two-tenths of a point from August to 3.7 percent, according to the Bureau of Labor Statistics. The number of unemployed people in the U.S. shrank by 270,000 to 6 million.Advertisement - story continues below
This is the lowest unemployment rate since 1969.
The number of part-time workers who would have preferred to have full-time jobs rose by 263,000 to 4.6 million. Average hourly earnings for private, non-farm employees also rose this month by 8 cents, reaching $27.24.Trending:
The unemployment rate for September 2017 was 4.2 percent. September’s unemployment rate has decreased or remained the same every year since it hit a high of 9.8 percent in 2009.
The number of unemployed people who have given up looking for jobs because they believe that none are available was the same as it was in September 2017.Advertisement - story continues below
However, the number of jobs added was only 134,000, down from 270,000 in August. Before the official jobs report came out, economists had estimated that the number of jobs added for September would reach 185,000. According to the BLS, the average monthly gain in jobs for the past 12 months has been 201,000.
The unemployment numbers for African-Americans also fell some, going from 6.3 percent to 6 percent. Compare that to the rate among African-Americans back in 2010, when Obama was in office, which was a whopping 16.8 percent.
Seems pretty obvious that whatever Trump is doing, it’s working. It’s not all that surprising given the great success he’s had running his own businesses. He knows and understands that kind of things that need to be done in order to amplify the success of the small business owner.
No doubt this is going to help the GOP in the midterms. Keep it up, Mr. President!