Our President Promised Jobs, Jobs, Jobs & He Is Delivering BIGLY……..

The Economic Train decided to make the Economist look like fools once again by surpassing their expectation for November. 228,000 new private sector jobs were added in the month of November. They expected the number to come in at 200,000. Since the 2016 presidential election, more than 1.77 million private sector jobs and 2.2 million jobs in total have been created. The U3 Unemployment Rate remained at a 17 year low (4.1%).


From the article linked above:

The economy added 228,000 new payroll jobs and unemployment held at 4.1 percent in November, the Bureau of Labor Statistics reported Friday.

Job creation easily exceeded forecasters’ expectations, which were for the country to 190,000 new jobs as the Texas and Florida economies continued to recover from the hurricanes that made September the worst jobs month in years.

The strong report suggests that commerce remains resilient nearly nine years into the recovery. Hispanic unemployment hit a record low of 4.7 percent as the employment gains continued to mount across a range of industries.

The past year has been particularly good for workers lacking education, who suffered the most during the recession. For the 10 million workers without a high school diploma, unemployment fell 2.7 percentage points to 5.2 percent over the year.

As Ivanka points out in the tweet above, the Hispanic unemployment rate dropped to 4.7%, the LOWEST in the history of our country.

The U6 Unemployment Rate is currently 8%. Underemployment (U6) is down 1.3% on the year. Keep in mind that the “U6” unemployment rate accounts not just for those who can’t find work, but also people forced into part-time jobs or only sporadically seeking positions.

From the article linked above:

The latest development—one that will be of particular interest to Mr Trump—is that blue-collar wages have begun to rocket. In the year to the third quarter, wage and salary growth for the likes of factory workers, builders and drivers easily outstripped that for professionals and managers. In some cases, blue-collar pay growth now exceeds 4%.

At the same time, a rebound in oil prices from their trough in early 2016 has set off another cycle of investment in the shale industry. America currently has 907 active oil rigs, up from 568 a year ago, according to Baker Hughes, an oil-services firm. Economists at UBS, a bank, estimate that energy investment has caused nearly three-fifths of all economic growth in 2017, once the effect of fluctuating inventories has been stripped out of the figures.

Rightly or wrongly, the biggest beneficiary of a sustained wage boom for workers may be a suited man sitting in the Oval Office.

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