The December jobs report came out on Friday and the numbers are good.
The unemployment rate has held at the extremely low number of 3.5 percent and a record number of Americans are participating in the work force.
CNS News reports:
Record 158,803,000 Americans Employed; 1.85M Year-to-Year Increase
“As we begin this new year, our economy is booming,” President Trump told a rally in Toledo, Ohio Thursday night. “Wages are soaring, workers are thriving, and America’s future has never looked brighter.”
Friday brought more good news, as the Labor Department’s Bureau of Labor Statistics announced that the number of employed Americans — 158,803,000 — set a 25th record under President Trump.
Year to year — since December 2018 — 1,858,000 more workers have been added to American payrolls.
In December, the number of unemployed Americans, 5,753,000, matched the Trump-era low set in September 2019. The unemployment rate remained at its 50-year low of 3.5 percent.
And the economy added 145,000 jobs in December, below November’s (revised) 256,000 jobs added. Nevertheless, after revisions for October and November, job gains have averaged 184,000 over the last 3 months…
Of that civilian non-institutional population, 164,556,000 were participating in the labor force, meaning that they either had a job or were actively seeking one during the last month. This resulted in a labor force participation rate of 63.2 percent, not significantly different than it’s been for months.
This is great news for the American people.
It’s jobs day in America and the December jobs report rounded out an amazing year for American workers and our economy! 145,000 added in December, 3.5% unemployment, and over 7.1 MILLION jobs added since Election Day! pic.twitter.com/18MyqcGYw7
— Mike Pence (@Mike_Pence) January 10, 2020
America’s unemployment rate is currently so low that it would have to nearly double to be on par with the European average https://t.co/T9SYlWzabS
— Dan Bongino (@dbongino) January 10, 2020
HAPPY JOBS DAY!
✅145k new jobs added in December
✅ Unemployment at 50-year low
✅ No sign of Trump Economy slowing down
— Team Trump (Text FIRST to 88022) (@TeamTrump) January 10, 2020
The December jobs report delivered more good news for American workers.
In December, wage growth was the strongest for the bottom 10 percent of Americans, especially benefitting workers in low-wage industries.
The Republican economic plan is working. pic.twitter.com/aIbD61Ut95
— Senate Republicans (@SenateGOP) January 10, 2020
Trump is going to be much harder to beat than Democrats seem to think.