Unemployment Fell to 3.8%! LOWEST LEVEL Since 1969

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President Trump is a phenom. Under Obama it was 9.6 percent.

The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969

The U.S. economy created 263,000 jobs in April and the unemployment rate dropped to 3.6 percent, the Labor Department said Friday.

By Breitbart, May 3, 2019:

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That far exceeded the 180,000 estimated by economists surveyed by Econoday and follows a better than expected surge in April. Economists had expected the unemployment rate to hold steady at 3.8 percent.

Unemployment is at the lowest level since December 1969 when it hit 3.5 percent.

Professional and business services added 76,000 jobs in April. Construction added 33,000, making its 12 month total 256,000. The health care sector grew by 27,000 jobs in April. Financial jobs rose by 12,000. Manufacturing employment changed little for the third month in a row, rising by just 4,000. Mining, warehousing, leisure and hospitality, information technology, and government were also close to flat for the month.

The good news on wages continued in April as well. Average hourly earnings rose by 6 cents to $27.77. Over the year, average hourly earnings have increased by 3.2 percent. Inflation is running at 1.5 percent, so real average hourly earnings have gone up by 1.7 percent.

February’s nonfarm payroll number was revised upward from 33,000 to 56,000, the second upward revision for what initially looked like a terrible month for the labor market. March’s estimate was brought down from 196,000 to 189,000. The three-month moving average is now 169,000 jobs.

The numbers came a few days after ADP and Moody’s Analytics said the private sector added 275,000 jobs in April, far surpassing expectations for 180,000 new jobs. Last year, the economy added an average of 233,000 a month, defying expectations that job creation would slow as unemployment hit record lows.

Economic reports have painted a picture of far more favorable economic conditions than they did in the final months of 2018. First-quarter GDP rose 3.2 percent, far more than the 2.1 percent forecast by economists. Wages and productivity rose strongly as well. Inflation has consistently fallen this year and in March price gains hit 1.5 percent, well below the Federal Reserve’s 2 percent target.

Federal Reserve officials said Wednesday that they remain patient when it comes to any rate changes. In a press conference following the two-day meeting of Fed policymakers, Jerome Powell appeared to dash hopes that the Fed might cut rates in the coming month because of low inflation. Powell said that the downward pressure on inflation was likely transitory and would not require a monetary policy response.

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felix1999
felix1999
4 years ago

This is pissing off Wall Street to no end. Trump’s AMERICA FIRST polices are working.
Globalists prefer Americans LAST with illegals and foreign VISAS working for less and bloating their PROFIT.
So when we are winning multinational banks and multinational corporations are LOSING. This is WHY they HATE Trump and want to remove his tariff leverage because it give US jobs. For example, China in particular is more than happy to lose money to bankrupt our steel companies. When tariffs are applied it levels them off and we open up our steel manufacturing. China’s steel is also inferior to steel made in the U.S.. Quality for Chinese products is very poor…

U.S. Steel Announces $1.2 Billion Investment to Upgrade Pennsylvania Facilities…
Posted on May 2, 2019 by sundance

The U.S. Steel and Aluminum industry has been a key focus of President Trump in an effort to reestablish a critical industry for America. Part of the administration strategy was broad-based tariffs aimed at curbing China’s dumping of government subsidized product globally. The broad global application of the tariffs defeated the Chinese trans-shipment strategy to avoid them.

Despite opposition from Wall Street republicans and democrats purchased by K-Street lobbyists, the administration policy has been exceptionally successful at driving investment into the U.S. manufacturing base. The multinationals are furious.

https://theconservativetreehouse.com/2019/05/02/u-s-steel-announces-1-2-billion-investment-to-upgrade-pennsylvania-facilities/

John Mitchell
John Mitchell
4 years ago
Reply to  felix1999

Don’t worry, Biden will fix Trump’s mess. Biden2020

felix1999
felix1999
4 years ago
Reply to  John Mitchell

He will ditch USMCA if it ever gets voted on and sign up for TPP.
He will undo everything Trump has accomplished as well as OPEN BORDERS, MASS IMMIGRATION, RAISING TAXES and CENSORING people.

John Mitchell
John Mitchell
4 years ago
Reply to  felix1999

That’s how he defines ‘fixing’.

felix1999
felix1999
4 years ago

Never forget that GLOBALISM is another word for COMMUNISM.
Trump is trying to fight this through JOBS and PROSPERITY for Main Street over Wall Street.
You won’t hear AOC types complaining about Venezuela!

Communism Making Comeback as Globalism
By Dr. Ileana Johnson Paugh
May 1, 2019

Dr. Ileana Johnson Paugh, a Romanian conservative, is a freelance writer, author, radio commentator, and speaker. Her books Echoes of Communism, Liberty on Life Support, U.N. Agenda 21: Environmental Piracy, and Communism 2.0: 25 Years Later are available at Amazon in paperback and on Kindle. Her frequent commentaries include thoughts on American exceptionalism, the economy, immigration, and education. Visit her website at ileanajohnson.com.
……
Young Romanians view any foreigners, no matter how poor in their own countries and how far left leaning they are, as rich capitalists who abuse and steal from the poor. Their parents have been told for decades under communism that capitalists exploit the working class and are out to steal their rights to utopian communism, thus leaving them hungry, cold, and poor in perpetuity. It is extraordinarily bizarre to see young generations, with their smart phones, cars, plenty of food, and other electronic gadgets produced by capitalism, indoctrinated by schools and the media into believing that free-market capitalism poses a fundamental threat to their avowed neo-communism.

The “sudden” infatuation of the West with socialism/communism has been developing over decades as the communists had planned to go underground and rebrand themselves into the global communists of today, championed by the United Nations and “civil society,” meaning intellectuals, academics, and other lapdogs of liberalism who advertise and promote everything the U.N. publishes.

Vladimir Bukovsky explained these phenomena in the upcoming English version of his book, Judgment in Moscow. He had found documents in Russia to prove that the reason the horrific crimes of the former Soviet Union and its satellites were not punished like the Nazi crimes were fifty years before was the “Kremlin’s links to and influence over Western political parties, governments, media, and prominent individuals, as revealed in the documents. It was these powerful links, he writes, that prevented any push to prosecute the extreme human rights abuses that took place over the decades of Soviet rule. As a result, the Communist Party and KGB elite were left to regroup and re-establish their power – with new names and new methods, perhaps, but the same goal: to undermine Western democracy.”

It is with sadness, agony, and dread that I see daily evidence of Western democracies turning back to the future. Some people never learn from history and must repeat it no matter how disastrous.

https://eagleforum.org/publications/insights/communism-making-comeback-as-globalism.html

Sanders is doing a 2016 repeat. He KNOWS socialism leads to communism.

http://4.bp.blogspot.com/-mbbcXZX27Zw/VjQEzfjW6DI/AAAAAAAADjs/9dCeEGUCjNc/s1600/sanders_2016-600×300.jpg

John Acord
John Acord
4 years ago
Reply to  felix1999

Has anyone updated this image to 2020? If so, please post it.

patd
patd
4 years ago

And all of this would have just been a dream had the fugly skank feral animal killary the cankles won the election!!!!! The libturds hate it more everyday when Trump, Americans and America wins!!!! I’m not tired of winning yet!

Alleged-Comment
Alleged-Comment
4 years ago

All you have to do is GET RID OF leeching Demoncraps and your economy will EXPLODE! This is proven by Trump who has lowered taxes (coveting by Demoncraps) and gotten rid of Demoncrap phony communist regulations and their phony bureaucraps (employ government employees instead of you!)

Demoncraps hold back America from growing. They HATE independent people. NEVER put Demoncraps in power. They hate you and most are misfits, weirdos, control freaks and fatherless MORONS easily duped as useFOOL idiots by the communist and radical leftist, themselves being DUPED.

The ignorance runs DEEP!

VoiceInDesert
VoiceInDesert
4 years ago

“LOWEST LEVEL Since 1969”. Was working lots of overtime at a well-known factory that year. Had to get permission to take off for my sister’s wedding!

Drew the Infidel
Drew the Infidel
4 years ago

In any election a voter’s three choices are party, issues, and candidate. I ask you, how do the commiecrats stack up on any count? The economy? Foreign policy? How?

Trump 2020!

John Acord
John Acord
4 years ago

The greatest threat is a repeat of 2008. McCain was 5% ahead in the polls at the end of the Republican convention. It was then that the Global elites pulled the rug out from under the economy. They knew about the subprime mortgage fraud, They created it.They knew it was about to collapse and they brought about the collapse and both enriched themselves and elected Obama. They will likely pull this colossal scam again in 2020.Its the only way they can defeat Trump. There are structural problems in the economy, the Global elite (aka Communists) know them and they have the resources to pull off another collapse, make billions and elect Sanders or whatever candidate the Commiecrats nominate. This is a real and present danger!

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