Can you believe that people on the left still believe that the economy isn’t good? When interviewed, they tend to admit that they’re doing fine, but they assume there’s some hidden mass of people in the country who can’t find work.
That’s the exact opposite of the truth. Jobs have been booming since President Trump started enacting his America First agenda, and things somehow continue to get even better.
The November jobs report was an absolute knockout. The U.S. added 266,000 jobs in November. Expectations were for 187,000, so you can see that this was a hyuuuuge win…as Trump would say.
To be fair, 41,000 of those jobs came from a GM strike that ended last month. Even if you subtract that from the total, the U.S. still created more than 220,000 jobs. That’s way better than the 196,000 last November, and it includes 10,000 new manufacturing jobs (in addition to the ended strike).
If that wasn’t enough, unemployment dropped back down to 3.5 percent. That’s once again the lowest we’ve seen in 50 years. Creating so many jobs at full employment has never happened before. Economists are genuinely stunned by this economy’s ability to continue creating new jobs, and many are calling these the best numbers of our lifetime.
There aren’t just more jobs; the jobs are better too. Wage growth increased to 3.1 percent. Anyone who hasn’t tracked wage growth over the years needs to understand this number. During the recovery, wage growth never got about 3 percent. It’s why everyone complained about stagnant wages. Since the tax cuts, growth has held above 3 percent — something never achieved under Obama.
The left will try to tell you that all of these new jobs are part time and bad jobs. That’s a flat lie. Underemployment also dropped in November, down to 6.9 percent. People aren’t stuck in part-time jobs that they don’t want. Jobs are good, plentiful and pay well.
In fact, Americans are making more money with fewer hours of work, and all of that is on top of low inflation. An economy can’t get better — except ours still has.
The jobs numbers for the previous two months were revised up. It turns out that we created 41,000 more jobs in September and October than we originally thought. The average monthly gains for 2019 sit at 180,000.
To really put this in perspective, we only need to create 107,000 jobs to keep unemployment exactly where it is. Instead, we’re nearly doubling that. We’ve had more open job listings than unemployed for the better part of a year, and those opportunities are growing faster than the population.
There’s only one way to slice this. The Trump economy is booming. Everyone knows it, and even the most liberal of mainstream outlets are begrudgingly admitting it. We elected a businessman, and it’s working exactly how we all hoped it would. Congratulations America!