This Week’s Jobs Report Rounded Out Another Year Of Solid Growth In 2019, Where President Trump’s Economy Brought In Workers Left On The Sidelines And Boosted Minorities Who Saw Record Low Unemployment trump economy

The Facts:

THE U.S. TOPPED 7.3 MILLION NEW JOBS SINCE PRESIDENT TRUMP WAS ELECTED AS THE LABOR MARKET REMAINS HOT

The U.S. added 145,000 jobs in December and unemployment remained historically low in just the latest sign of the labor market’s continued strength .

Business executive Joanie Courtney : There is an “influx of job openings” across the country.

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President Trump’s Economy is reaching those left behind by President Obama, with nearly ¾ of new workers coming off the sidelines.

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The New York Times : “Americans who had been outside the work force have decided to join in.”

TODAY’S JOBS REPORT DREW PRAISE FROM EXPERTS WHO LAUDED THE “STEADY GROWTH” IN THE LABOR MARKET AND THE SUCCESS OF PRESIDENT TRUMP’S ECONOMIC AGENDA

The New York Times’ Justin Wolfers : “This economy is just the little engine that could,” it “just kept hammering away, even when others said it couldn’t keep going.”

The Washington Post’s Heather Long : “This is the strongest job market since the late 1990s -jobs are plentiful.”

The New York Times’ Neil Irwin praised the “stable- steady growth” indicated by Fridays report, noting that the economy is “very much” on track.

FBN’s Stuart Varney : The “Trump economic boom” added an unprecedented $12 trillion to American business.

DECEMBER’S JOBS REPORT CAPPED OFF A YEAR OF TREMENDOUS ECONOMIC SUCCESS FOR ALL AMERICANS, PARTICULARLY MINORITIES AND WOMEN

Unemployment in 2019 averaged its lowest rate in 50 years at 3.7% as job growth was ” more than enough to handily outpace population growth .”

The Hill : December’s jobs gains topped off a “solid” year for the U.S. labor market.

Rubeela Farooqi , Chief U.S. Economist at High Frequency Economics: “I didn’t see much wrong with the labor market in 2019.”

The African American unemployment rate remained below 7% for all of 2019, prior to the Trump Administration it had never fallen below that mark.

The Hispanic unemployment rate hit several record lows in 2019, falling below 4% for the first time ever.

Thanks to historic job growth for women under President Trump, they now outnumber men in the workforce for the first time ever .

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“JOBS ARE PLENTIFUL” AS THE U.S. TOPS 7.3 MILLION NEW JOBS SINCE PRESIDENT TRUMP WAS ELECTED

THE U.S. ADDED 145,000 JOBS IN DECEMBER AND UNEMPLOYMENT REMAINED HISTORICALLY LOW IN JUST THE LATEST SIGN OF THE LABOR MARKET’S CONTINUED STRENGTH

The U.S. Added 145,000 Jobs In December. ( Bureau Of Labor Statistics , Accessed 1/10/20)

The Unemployment Rate Remained At A 50-Year Low Of 3.5% In December. Bureau Of Labor Statistics , Accessed 1/10/19)

The New York Times : The December Jobs Report Was “The Latest Evidence That The American Labor Market Has Not Run Out Of Breath.” “Hiring for the final month of 2019 capped a year of steady but slowing gains in employment, the latest evidence that the American labor market has not run out of breath.” ( The New York Times , 1/10/19)

Business Executive Joanie Courtney: There Is An “Influx Of Job Openings” Across The Country. BUSINESS EXECUTIVE JOANIE COURTNEY: “You have to take another economic indicator by the Bureau of Labor Statistics which is the jolts report which is the job opening report that number was actually revised upward in 7.3 million open jobs and I did a quick survey Maria when I knew I would be on this morning and I asked all of my managers throughout the U.S. You know California, Colorado, Texas, Florida, like how are they feeling about the market. And right now they are having an influx of job openings and demand and the challenge still to what Charles and Steve Moore we’re speaking about is the tight labor market. So the jobs are definitely out there, there is a demand we are seeing wages increase. I think we’re going to continue to see that, I would actually go right now you know on the book saying we’re going to see a good number for January because employers are also more optimistic. I’m seeing them move faster, they want to make those hires.” (Fox Business’s “Mornings With Maria,” 01/10/20)

 

Fox Business’s Dagen McDowell: Rank And File Workers Are Seeing More Wage Growth Than Their Bosses. Dagen McDowell: “Non-supervisory wages grew at 3% again that has been something we’ve seen over and over month after month. Where non-supervisory wages and your rank and file workers their pay is going up faster than the overall average and certainly has been faster than the top earners in this country. So rank and file making more, seeing wage gains outpacing that of their bosses in terms of percentage growth.” (Fox Business’s “Mornings With Maria,” 01/10/20)

 

President Trump’s Economy Is Reaching Those Left Behind By President Obama As Nearly ¾ Of New Workers Are Coming Off The Sidelines

The New York Times’ Ben Casselman Reported Nearly ¾ Of New Workers Are Coming Off The Sidelines. “Where are employers finding workers, with unemployment so low? From outside the labor force. Close to 3/4 of the newly employed are coming off the sidelines.” ( Ben Casselman , 1/10/19)

The New York Times : “Americans Who Had Been Outside The Work Force Have Decided To Join In.” “The labor market, by contrast, has provided some calm. Despite the occasional swoop in payroll gains, the official unemployment rate has remained at half-century lows. And Americans who had been outside the work force have decided to join in.” ( The New York Times , 1/10/19)

Today’s Jobs Report Drew Praise From Experts Who Lauded The “Steady Growth” In The Labor Market And The Success Of President Trump’s Economic Agenda

The New York Times’ Justin Wolfers: “This Economy Is Just The Little Engine That Could;” It “Just Kept Hammering Away, Even When Others Said It Couldn’t Keep Going.” “This economy is just The Little Engine That Could. It’s pulled us up a steep slope, from the depths of the Great Recession, and just kept hammering away, even when others said it couldn’t keep going. The lesson for all econs: ‘I think I can, I think I can…'” ( Twitter Feed , 1/10/20)

The Washington Post’s Heather Long: “This Is The Strongest Job Market Since The Late 1990s. -Jobs Are Plentiful.” “Bottom line: The US economy has added jobs every month for 111 months. This is the strongest job market since the late 1990s. -Jobs are plentiful. -Businesses are still hiring in most industries. -Wage growth is decent, but not great.” ( Twitter Feed , 01/10/20)

The New York Times’s Neil Irwin Praised The “Stable- Steady Growth” Indicated By Friday’s Report, Noting That The Economy Is “Very Much” On Track. “Very much an economy-on-track, stable-steady growth type of jobs report. Shouldn’t tilt expectations for 2020 either way relative to your priors.” ( Twitter Feed , 01/10/20)

FBN’s Stuart Varney: “Trump Economic Boom” Added An Unprecedented $12 Trillion To American Business. STUART VARNEY: “When Donald J. Trump was elected President on November of 2016 the Dow Jones average was at 18,000 and today it may hit 29,000. So you’ve gained 11,000 points in three years, that is an explosive amount” STEVE DOOCY: “Has that ever been done before?” VARNEY: “No, in that time frame no it has not, 11,000 points and wait a second. That 11,000-point run up in the stock market for the Dow Industrials that has added twelve point eight trillion dollars to the value of American business that is because of the Trump stock market rally which is because of the Trump economic boom.” (Fox News’s “Fox and Friends,” 01/10/20)

 

DECEMBER’S JOBS REPORT CAPPED OFF A YEAR OF TREMENDOUS ECONOMIC SUCCESS FOR ALL AMERICANS, PARTICULARLY MINORITIES AND WOMEN

Unemployment In 2019 Averaged Its Lowest In 50 Years As Job Growth Was “More Than Enough To Handily Outpace Population Growth.”

The Average Unemployment Rate In 2019 Was 3.7%, The Lowest In 50 Years. Bureau Of Labor Statistics , Accessed 1/10/19)

  • In President Obama’s Final Year In Office Unemployment Averaged More Than A Full Percentage Point Higher At 4.9%. Bureau Of Labor Statistics , Accessed 1/10/19)

Job Growth In 2019 Was “More Than Enough To Handily Outpace Population Growth .” “The average monthly gains for the last three months of the year were 184,000, on par with the rest of the year. For the full year, the economy added 2.1 million jobs, fewer than the 2.7 million created in 2018, but more than enough to handily outpace population growth.” ( The New York Times , 1/10/19)

Rubeela Farooqi, Chief United States Economist At High Frequency Economics: “I Didn’t See Much Wrong With The Labor Market In 2019.” “‘I didn’t see much wrong with the labor market in 2019,’ said Rubeela Farooqi, chief United States economist at High Frequency Economics.” ( The New York Times , 1/10/19)

The Hill : December’s Jobs Gains Topped Off A “Solid” Year For The U.S. Labor Market. “December’s solid jobs gain capped off a treacherous but ultimately solid year for the U.S. labor market, which faced pressure from trade tensions, global economic risks and the aftermath of a burst of stimulus in 2018.” ( The Hill , 1/10/20)

Both African American And Hispanic Workers Saw Historic Unemployment In 2019

In A Historic Achievement, The African American Unemployment Rate Remained Below 7% For All Of 2019; Prior To The Trump Administration, It Had Never Fallen Below That Mark. Bureau Of Labor Statistics , Accessed 1/10/19)

The Hispanic Unemployment Rate Hit Several Record Lows In 2019, Falling Below 4% For The First Time Ever. Bureau Of Labor Statistics , Accessed 1/10/19) trump economy trump economy

Thanks To Historic Job Growth For Women Under President Trump, They Now Outnumber Men In The Workforce For The First Time Ever.

The Economy Added 2.1 Million Jobs In 2019. ( Bureau Of Labor Statistics , Accessed 1/10/20)

Thanks To Historic Job Growth For Women Under President Trump, They Now Outnumber Men In The Workforce For The First Time Ever. Highlight from a rather ho-hum Dec. jobs report: women account for 50.04% of all jobs, first time they’ve outnumbered men.” ( Twitter Feed , 01/10/20)

Via the Republican National Committee trump economy trump economy trump economy trump economy