According to the latest report by the Bureau of Labor Statistics, November’s jobs numbers are the best in a year meaning that the left’s claim that the economy is slowing or even failing is a complete lie.
The number of new jobs in Donald Trump’s economy in November hit a one-year high making November the third time this year that more than 200,000 jobs were created in a single month.
The unemployment rate is still at rock bottom lows, but the civilian participation rate dropped a small amount.
One reason for the gain is the same reason that last month’s numbers were a bit lower than they might have been, and that is the auto worker’s strike. With the end of the strike, more jobs flooded into the growth column whereas the strike helped impede new job creation in October.
As the BLS reported:
Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a strike.
Both the unemployment rate, at 3.5 percent, and the number of unemployed persons, at 5.8 million, changed little in November. (See table A-1.)
Among the major worker groups, the unemployment rates for adult men (3.2 percent), adult women (3.2 percent), teenagers (12.0 percent), Whites (3.2 percent), Blacks (5.5 percent), Asians (2.6 percent), and Hispanics (4.2 percent) showed little or no change in November. (See tables A-1, A-2, and A-3.)
The BLS also noted that the number of long-term unemployed essentially stayed the same, and the labor participation rate was more or less statistically unchanged, though it went up a tad over October’s number.
Granted, some of this job creation was for seasonal jobs for the holidays. Still, the numbers add up to about 205,000 new jobs created each month during September, October, and November.
Average wages also crept upward a tick setting the annual wage growth to 3.1 percent thus far this year.
Finally, part-time jobs actually decreased while full-time jobs increased, shooting down another of the left’s talking points that part-time jobs are floating a false impression that the economy is good.
This is all positive growth nearly across every metric, folks. This is not the sign of a false economy, but a sign of a vibrant, and strong economy.
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