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Jobs

New April Jobs Nearly Triple Those of March, Unemployment at 10-Year Low

Written by Philip Hodges

March was a pretty bad month when it came to job growth. Only 79,000 jobs were added, and unemployment was at 4.5 percent. That predictably led to criticisms by liberals at Trump’s policies. They tried to pin the low numbers on what they perceived to be his failures.

But what are they going to do with these numbers? If Trump can be blamed for low jobs numbers and slow growth, does that mean he can be credited for high jobs numbers and dropping unemployment? Here’s Reuters:

U.S. job growth rebounded sharply in April and the unemployment rate dropped to 4.4 percent, near a 10-year low, pointing to a tightening labor market that could seal the case for an interest rate increase next month despite moderate wage growth. 

Nonfarm payrolls surged by 211,000 jobs last month, the Labor Department said on Friday, well above the monthly average of 185,000 this year and a jump from the gain of 79,000 in March.

The job gains were broad-based, with hefty increases in leisure and hospitality, healthcare and social assistance as well as business and professional services.

The drop of one-tenth of a percentage point in the unemployment rate took it to its lowest level since May 2007. The decline reflected both an increase in hiring and people leaving the labor force.

CNBC added:

An alternative reading on the unemployment rate that includes those not actively looking for jobs as well as those working part-time for economic reasons dropped to 8.6 percent from 8.9 percent in March, the best reading since November 2007. Those counted as not in the labor force swelled to 94.4 million but that was countered by an increase of 156,000 counted as employed, according to the household survey.

Liberals will find some way to blame Trump for the numbers not being better.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


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Philip Hodges

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