Job Numbers Boom AGAIN in November Keeping Trump Economy Strong
Another month, another incredibly strong jobs report! November job numbers were released Friday and, once again, they prove the President’s doubters and the “experts” wrong. And, not only did the economy add thousands of more jobs than expected, but wages grew too and unemployment dropped, keeping it at its historic, 50-year low.
Another awesome jobs report that blew through expectations.
— Donald Trump Jr. (@DonaldJTrumpJr) December 6, 2019
✅ 266,000 jobs created!
✅ Wage growth at a strong 3.1%!
✅ Unemployment at 50-year-low!
You gonna to risk all this to bring back crippling government regulations & taxes, destroy your 401K, and destroy wage growth?
The U.S. Department of Labor announced that 266,000 new jobs created in November. That accounts for over 80,000 more jobs than predicted by Economists who projected around 180,000 new jobs last month. Unemployment dropped as well, down to 3.5% and wages were up, in relation to last year at this time, by 3.1%. These phenomenal numbers were primarily driven by consumer sector hiring and health care. The Manufacturing sector’s activity did slow, mainly due to the trade war with China.
GREAT JOBS REPORT!
— Donald J. Trump (@realDonaldTrump) December 6, 2019
This fall has been great for the U.S. economy all around. Monthly job growth accelerated since the summer. July added 135,000 new jobs while the last 3 months have averaged 205,000 new jobs. President Trump is currently working on “phase one” of a massive new trade deal with China. When that deal is done, the economy is set to skyrocket even further.
Even with the huge numbers that keep coming every month, Economists continue to pour cold water on the economy and are continuing to keep their projections low going forward. They are now saying that in the 4th Quarter, the U.S. economy should grow 1.8%, even though the numbers seem to indicate the economy is on track to surpass the 3rd Quarter growth rate of 2.1%.