WASHINGTON (AP) — U.S. employers added a stellar 250,000 jobs last month and boosted average pay by the most in nearly a decade in an effort to attract and keep workers.
The Labor Department’s monthly jobs report, the last major economic data before the Nov. 6 election, also shows the unemployment rate remained at a five-decade low of 3.7 percent.
The influx of new job-seekers lifted the proportion of Americans with jobs to the highest level since January 2009.
Consumers are the most confident they have been in 18 years and are spending freely and propelling brisk economic growth. The U.S. economy is in its 10th year of expansion, the second-longest such period on record, and October marks the 100th straight month of hiring, a record streak.
Listen to Trump at his rallies - 250,000 today, 300,000 on Saturday, 500,000 on Sunday, and Monday - “Vote for me! I created One Million Jobs!!”
Thanks Pres. Obama. You won’t get nearly the credit you deserve.
Waiting for the Republican ads claiming credit for all 10 of those years of growth, all 100 of those months…
Few things infuriate me more than reports about the supposedly roaring economy. Inflation–the consumer price index–is rising at the fastest levels in years. So no real rise in wages. More fundamentally, the budget deficit has rocketed to $779 million, an absolutely unprecedented number in a time of economic prosperity. It will keep rocketing to $1 trillion by 2020, and there is no plan to bring that down except by cuts to Social Security, Medicare etc. The GOP is bankrupting the country and nobody, not even Democrats, is talking about it.
Since Drumpf was quick to question the veracity of jobs numbers during the late Obama administration, it seems only appropriate that we should return the favour.