Booming Economy Added 196K Jobs In March – Unemployment Stays Low At 3.8 Percent

Trump always said he would be a great president for the economy. He was right and has proven it repeatedly over the last two years.

The March jobs report is excellent, the economy is rolling along and unemployment is still extremely low.

The Hill reports:

Economy rebounds with 196K jobs in March, unemployment holds at 3.8 percent

Trending: Softball Game Decides Not To Open With National Anthem – The Crowd Sings It Anyway! (VIDEO)

The U.S economy added 196,000 jobs in March, the Labor Department reported Friday, rebounding from a dismal February hiring slowdown.

The unemployment rate and held steady at 3.8 percent as the labor force participation rate stayed even at 63 percent.

Hourly earnings also increased by 3.2 percent in the past 12 months, slightly lower than February’s annual rate of 3.4 percent.

The March report brings average monthly employment growth to 180,000 for the first quarter of 2019 following gains of 312,000 jobs in January and 33,000 in February, according to revised totals released Friday.

The ADP National Employment Report released on Wednesday said private sector employment rose by 129,000 workers in March, increasing at its slowest pace in 18 months.

The bounce back toward strong job growth could help curb fears of an impending U.S. recession, even as monthly jobs gains and gross domestic product growth are likely to moderate in 2019.

Trump isn’t finished yet. He believes we can actually do better.

CNBC reports:

Trump says economy would take off like ‘a rocket ship’ if Fed cut rates, ending tightening policy

President Donald Trump said Friday the U.S. economy would climb like “a rocket ship” if the Federal Reserve cut interest rates.

Commenting after a strong jobs report for March, Trump said the Fed “really slowed us down” in terms of economic growth, and that “there’s no inflation.”

“I think they should drop rates and get rid of quantitative tightening,” Trump told reporters, referring to the Fed’s policy of selling securities to unwind its balance sheet, a stimulus put in place during the financial crisis. “You would see a rocket ship. Despite that we’re doing very well.”

White House aides have called for the Fed to cut interests rates by as much as 50 basis points.

This is one of the reasons Democrats running for 2020 are talking about things like climate change.

They can’t run against the Trump economy.

You Might Like

 

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please hover over that comment, click the ∨ icon, and mark it as spam. Thank you for partnering with us to maintain fruitful conversation.