The July jobs report shows a better than expected gain of 209,000 jobs, while President Trump hit a personal economic achievement – over 1 million jobs added since he took office.
This comes on the heels of a June report that showed a gain of 231,000 jobs, and a report in May that had a chief Moody’s economist declaring that “job growth is rip-roaring.”
Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
— Donald J. Trump (@realDonaldTrump) August 4, 2017
In addition to the solid job numbers, July saw the unemployment rate dip to 4.3%, leading top economists to declare the U.S. economy has either reached or come quite close to “full employment.”
‘Full employment’ is a state in which the economy has attained employment for virtually all who are willing and able to work. Those who aren’t willing or able to work are called ‘Democrats.’
We kid because we care.
Even CNN had to declare that President Trump had reached a significant milestone:
Via CNN Money:
America has added more than a million jobs since President Trump took office.
The U.S. economy gained a strong 209,000 jobs in July, more than economists had expected. The unemployment rate fell to 4.3%, matching a 16-year low. Just after the Great Recession in 2009, unemployment peaked at 10%.
Many economists say the United States is at or near “full employment,” meaning the unemployment rate won’t go down significantly more.
Albeit, a small sample size of six months, the 1.07 million jobs created thus far projected onward means that, should Trump carry this pace throughout two terms – a big if – he’d be creating 17.1 million jobs.
That puts him on pace to end up well ahead of former President Barack Obama who saw 11.3 million jobs added during his eight years in office. It would even put him ahead of President Ronald Reagan who added 15.9 million jobs. President Bill Clinton saw 22.9 million jobs added during his tenure.
Kevin Williamson of the National Review writes that “The Clinton-era boom was in no small part a continuation of the Reagan-era boom,” though he argues that a president’s economic policies have little to do with performance.
The Wall Street Journal analyzed the July jobs report even further, indicating that real wages are growing at “a solid pace” while the woefully depressed labor participation rate – a dreadful number that will remain Obama’s economic legacy – ticked up slightly.
Republican Senators who are opposing the President, look at the great economic news: Americans Are Noticing!
— Paul Truett Dove (@paultdove) August 4, 2017
President Trump’s promise to create jobs and improve the economy is coming to fruition. And this is despite Democrat and establishment Republican obstruction at every turn.
Celebrate the great economic news by sharing this post with your friends!
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