Historic U.S. Job Market Continues as African-American Unemployment Rate Hits New Low
(November 1) QUOTE: Today, the Bureau of Labor Statistics (BLS) released its monthly Employment Situation Report, which shows continued employment growth and a low unemployment rate in October. Job gains at this point in the business cycle are particularly noteworthy considering that the United States is in the midst of the longest economic expansion in its history.
BLS’s establishment survey shows total nonfarm payroll employment increased by 128,000 jobs last month, far exceeding the median market expectation of 85,000. Including a substantial upward revision of 95,000 total jobs for the months of August and September, and controlling for the estimated 60,000 decrease because of the recently resolved General Motors (GM) strike and the 20,000 decrease from temporary U.S. Census workers finishing their work, this report highlights the creation of over 300,000 new jobs.
Since the President’s 2016 election, the economy has added over 6.7 million jobs—more than the combined populations of Wyoming, Vermont, Alaska, North Dakota, South Dakota, Delaware, Rhode Island, and Montana in 2018. Additionally, this total is 4.8 million more jobs than the Congressional Budget Office projected would have been created in its final forecast before the 2016 election… UNQUOTE
MY COMMENT: Trump is still winning for America. All Democrats can do is hate and lie, while Trump is making America great again!
And let’s add this to that: Trump Support Up This Week Among Black Voters
MY COMMENT: The studies have been posted from multiple sources many times in this forum: Peel 15% of blacks away from the Democrat party and the party is dead. Why are Dems screaming racism at the tops of their lungs now? This is why:
Regarding Count Two: There is a consensus among analysts that if the GOP were to ever really, truly peel away 25% of blacks from being regular Democrats to being regular Republicans, that would be the end of the Democrat Party. So all these recent polls showing a shift, and also movements like #BLEXIT, and all that other stuff, have the Dems scared to death.
How much of this historic black employment Trump versus Silicon valley invented gig work? Honest question. Straying from demographics, the job numbers alone do not speak to the quality of jobs and reportedly there’s tens of millions employed in tenuous employment circumstances.