The January jobs report is out and it’s all great news.
Not only did the number of jobs created exceed expectations, but the labor market is expected to continue growing.
It’s astounding that Trump has been able to pull this off, considering all the things he has had to deal with.
January adds a much stronger-than-expected 225,000 jobs, with a boost from warm weather
An unseasonably mild January helped power the U.S. jobs market to more gains, with nonfarm payrolls rising 225,000 for the month, well above Wall Street estimates.
The unemployment rate ticked higher to 3.6%, but for the right reason as the labor force participation rate increased 0.2 percentage points to 63.4%, matching its highest level since June 2013, according to data released Friday by the Labor Department.
Economists surveyed by Dow Jones were looking for payroll growth of 158,000 and the jobless rate to stay at 3.5%, its lowest in more than 50 years.
A more encompassing labor market indicator that includes discouraged workers and those holding part-time positions for economic reasons also moved higher, rising 0.2 percentage points to 6.9%. The so-called real unemployment rate previously had been at its lowest level in the history of the data series…
There was more good news for workers: Average hourly earnings rose 3.1% over a year ago to $28.44, ahead of estimates for 3% growth. That marked 18 consecutive months of wage gains above 3%, as the initially reported 2.9% for December was revised up to 3%.
There is not a single Democrat running in 2020 who can compete with results like these.
Just when it seems this week couldn't get any better ⇨ HUGE surge in new jobs and wages for workers. America is on a roll! https://t.co/Fp8QXWwdct
— Kevin McCarthy (@GOPLeader) February 7, 2020
Economist Stephen Moore is absolutely right.
The January jobs report “caps off” the “worst week in the history of the Democratic Party.” pic.twitter.com/DL9AIO6FKG
— Ronna McDaniel (@GOPChairwoman) February 7, 2020
Under the Trump Economy, 2020 is off to a 🔥 start!
The U.S. added 225,000 jobs in January!
—44,000 of them construction jobs
—28,000 of them transportation & warehousing jobs
Wages grew at 3.1% yr over yr in January.
— GOP (@GOP) February 7, 2020
This is an economy for every American.
Trump is delivering above expectations.