By: Brian Evans
As the left continues to attack President Trump, his policies continue to lead the United States economy forwards! In fact, the economy created 136,000 jobs in September, which caused America’s unemployment to fall to its lowest levels since 1969 at 3.5%.
Breitbart News reported that…
Economists had expected the economy to between 120,000 and 179,000 with the consensus number at 145,000, according to Econoday. Unemployment was expected to remain unchanged at last month’s 3.7 percent.
The jobs data for the two previous months were also revised upward, indicating that the labor market was stronger over the summer than previously indicated. Employment for July was revised up by 7,000 from 159,000 to 166,000, and August was revised up by 38,000 from 130,000 to 168,000. With these revisions, employment gains in July and August combined were 45,000 more than previously reported.
The stronger numbers for July and August may also explain the slightly-below expectations figure for September since some of the growth in the employment forecast for last month had already occurred.
The last time the rate was this low was in December 1969, when it also was 3.5 percent.
Regardless, Democrats are attacking the numbers by claiming several sectors lost jobs, like with manufacturing, which stalled! However, there are a mutlitude of reasons for declines in those sectors, for example, the previous months being adjusted higher, as well as, strikes that have occurred, likely leading GM to stop hiring temporarily!
They added that…
Wage growth was weak in the month. In September, average hourly earnings for all employees on private nonfarm payrolls, at $28.09, were down 1 cent, after rising by 11 cents in August. Over the past 12 months, average hourly earnings have increased by 2.9 percent. In September, average hourly earnings of private-sector production and nonsupervisory employees rose by 4 cents to $23.65.