President Trump’s Economy: Unemployment at 17 year Low, 1.4 Million New Jobs, More Americans Working than Ever Before
Guest post by Joe Hoft
The mainstream media won’t tell you but the economy is simply “On Fire”.
Job numbers released this week through the end of October show an increase of 1.4 million jobs and an unemployment rate of 4.1 percent. After same period under Obama, (4.8) million jobs were lost and unemployment skyrocketed to 10 percent!
The main stream media (MSM) and Democrat Party will not report it but President Trump’s economic results could arguably be the best all time. The stock market is the highest ever and jobs are being created by the thousands.
According to data released by the Bureau of Labor Statistics, President Trump added a projected 1.4 million jobs in the first ten months of the year (January through October 2017.) In addition, last month’s job losses were restated to an increase of 18,000 jobs.
The same cannot be said for President Obama’s first ten months. Obama was so bad at creating jobs that by the end of his second term he said that jobs were not coming back. This showed in his first ten months in office as every month the US lost at least (200,000) jobs.
According to the Bureau of Labor Statistics, under President Trump more Americans are in the work force than ever before. Over 160 million Americans are working for the first time in US history. President Trump is working hard to bring good paying jobs back to the US and his efforts are showing historic results.
Broadcom’s move to America=$20 BILLION of annual rev into U.S.A., $3+ BILLION/yr. in research/engineering & $6 BILLION/yr. in manufacturing. pic.twitter.com/NsJ4PtVTtl
— Donald J. Trump (@realDonaldTrump) November 2, 2017
Also according to the Bureau of Labor Statistics the US unemployment rate this year has been below January’s rate every month (January through September 2017.) The unemployment rate in January 2017 was 4.8percent and by October it was down to 4.1 percent.
President Obama on the other hand again moved in the opposite direction. In his first ten months as President the US unemployment rate increased each month from 7.8 percent in January 2009 to 10 percent by October of 2009.