NEW REPORT: Unemployment Rate Reaches 10 Year Low!
It's been about half a year since since Trump took office, and a lot has gone down since then. But one thing that didn't happen? Economic Armageddon. There were no crapstorms to be weathered. The same can't be said of progressives' reactions to the Trumpness though. There have been protests, riots, cry-ins, and one planetary explosion. But amid all the left's buttery lunged snotholing, they missed a few key factors. For instance, our unemployment rate is the lowest it's been in at least a decade...
The U.S. economy added 138,000 new jobs in May, according to the jobs report release by the Bureau of Labor Statistics Friday.
The unemployment rate decreased slightly from April, ticking down from 4.4 percent to 4.3 percent. The new unemployment numbers are the lowest in ten years, according to the Associated Press.
The unemployment rate continued to fall and rising wage growth coupled with job gains indicate an economy on the rise, but the sluggish growth in average hourly earnings (2.5 percent) is cause for concern.
Not every part is perfect, but on the whole it appears things are looking up...
Employment in mining rose by 7,000 in May, with most of the increase coming in support services. The food services sector added 30,000 jobs, bringing its year over year increase to 267,000.
Remember all those cries of doom we heard ahead of the inauguration? Yeah, none of that is happening. You might even say things are pretty gravy (see What Collapse? Job Growth SMASHES Predicted 190K Jobs in February. The Numbers... and Economist Says 'Market Will Never Recover Under Trump.' Dow Hits All Time High SAME DAY!). It's all rather embarrassing for the hobbyist economists who cried collapse.
The left had their shot at fixing the economy. But rather than make any meaningful improvements, they gave us such gifts as job-killing Obamacare (see CAUGHT: Hillary Openly Admits Obamacare Created Unemployment). To which we say thanks but no thanks. We'll take our chances with not-Obamacare. Or the plague.