It’s high time we congratulate our able and capable president, contrary to popular belief, president Trump has done very well, Promises made, promises kept. Unemployment 50 Year Low 3.7%… Trump Bests Obama by 9 Million Jobs in First 2.5 Years as President. One of the most notable statistics from the jobs report was that the average hourly earnings increased by 11 cents, this is a great achievement even doe critics will say otherwise.
Recently headline numbers was weaker than expected, but August wage growth was pretty strong. Average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $28.11, or 0.4 percent, following 9-cent gains in both June and July. Over the past 12 months, average hourly earnings have increased by 3.2 percent.
America’s Economists had predicted the US economy to be between 150,000 and 180,000 with the median consensus at 163,000, according to Econoday. Unemployment was expected to remain unchanged. Last month’s jobs figure was originally reported at 164,000, now revised down to 159,000, and unemployment was 3.7 percent.
The biggest job gains came from business and services, which this added 37,000. Census hiring boosted the federal government’s hiring to 28,000 workers. Health care added 24,000 to the total while financial services raised by 15,000.
The better news is, African American unemployment rate hit another record low at 5.5% and labor force participation rate drastically increased to 63.2%.
Electing Donald Trump, who is a successful businessman, was the best thing to happened to the United States of America in a very long time, because he is not a politician, he has done what he said he would do, and that is bring jobs back to this country
The labor force participation moved up to 63.2 percent in August, showishowing the strong labor market has constantly drawn hard working Americans into the labour force.
While the economy continue to show excellent growth in the second and third quarter, it has slowed from the rapid 3.1 percent rate of growth in the first three months of the year. Manufacturing appears to have a shrinked and business investment has been weak, with surveys indicating that uncertainty around trade policy and global economic weakness have become problem on the United States of America.
The retail sector shed 11,000 jobs, with department stores losing 15,000 jobs (partially offset by gains in other retail venues). Over the year, so-called “general merchandise” retails jobs have fallen by 80,000.
Creating jobs create more jobs. While the left wants to put factories, ranchers, farmers, oil and gas out of business. Let’s put our weight and vote behind president Trump, let’s give him the chance to do it again and even better. Long leave America, God bless America.