The January Jobs Report Is Out – And It’s Spectacular

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.

CNBC reports:

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.

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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…

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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.

This is an economy for every American.

Trump is delivering above expectations.


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