Victory: Unemployment Sinks to Lowest Rate Since the Year 2000
While President Trump continues to be hounded by liberals and blamed for every bad thing that happens under the sun, the media seems to conveniently be avoiding any sort of reporting of the good work his policies are accomplishing.
Like how the economy has added 164,000 jobs in the month of April and the unemployment rate has dropped to 3.9 percent. This is the lowest it’s been since the year 2000, which was just before the tech bubble burst.
What’s even more striking is that this particular figure for job growth was actually lower than what was anticipated, yet still managed to reduce the unemployment rate. Economists had estimated that close to 192,000 jobs would be created and that the unemployment rate would drop to four percent.
Less jobs were created than predicted, yet more people are back to work. Seems strange at first, doesn’t it?
April’s employment report showed that hiring has snapped back from a particularly weak March when the economy added just 135,000 jobs, according to the revised figure released Friday. Initially, March was reported to have added just 103,000 jobs. March’s weakness was likely due to harsh weather and payback from a particularly strong hiring month in February, which added 324,000 jobs after Friday’s revisions.
The upward revision of March’s numbers may help explain why April’s numbers fell short of expectations. The 30,000 or so jobs that weren’t created in April were actually created earlier in the year.
The black unemployment rate fell to a seasonally adjusted 6.6 percent, the lowest figure on record. Because the white unemployment rate remained unchanged at 3.6 percent, the gap between white and black unemployment narrowed.
Advertisement - story continues belowJob growth was broad-based. Professional services, manufacturing, mining, and health care all added jobs. Manufacturing saw employment grow by 24,000 jobs. Over the past 12 months, manufacturing has added 245,000 jobs.
The real question we should all be asking here, is why in the world is the media not spending as much time talking about this fantastic growth?
The answer is really quite simple. Anything that remotely paints President Trump in a positive light doesn’t fit with the “let’s get him booted from office” narrative these news outlets are pushing, thus it doesn’t receive any significant air time.
Shouldn’t each holder of the Oval Office be judged on their own merits? Shouldn’t respect and honor be given where it is due?
Unfortunately, that’s not the way things are anymore, but hopefully they’re headed in that direction.
Source: Breitbart
