By Joe Hoft
The markets are at a record pace and now jobs are coming back!
According to data released this morning by the Bureau of Labor Statistics, President Trump added 661,000 jobs to the economy in September.
But this was not good news according to far-left lunatics:
The U.S. economy gained 661,000 jobs in September, as the economic recovery slowed https://t.co/ZpzlpLzQph SPEEDY RECOVERY IS WISHING
— rajan adigal (@RajanAdigal) October 2, 2020
The story repeated today is that the recovery is slowing:
— Al Jazeera News (@AJENews) October 2, 2020
Of course the recovery is slowing but each month the number of jobs added to the US economy since April has been record breaking!
Starting in May, over the past five months the US has incurred the five largest increases in jobs ever. Although the number of jobs added to the economy in September is less than August, it is still the 5th largest increase in jobs in US history following the previous four months. The most jobs Obama ever incurred was the anomaly in May 2010 when his BLS reported an increase of 540,000 jobs.
The US simply won’t be adding 4 million jobs to the economy per month. Even with Democrats opening up their states, this will not happen. So it’s predictable that the number of jobs is increasing at a decreasing rate! Suggesting the economic recovery is slowing is political and negating the record economic recovery we are in.
Today’s news is great news after the horrendous economic disaster the China coronavirus placed on the economy. Before this, the United States and President Trump were enjoying the greatest economy in US and world history with the GDP at $23 trillion – more than any economy ever!
Up through February, President Trump had increased the number of jobs in the US by more than 7 million jobs in the prior three years. Since the shutdowns in April, the US has gained more than 11.4 million jobs – THIS IS RECORD SETTING!
Also according to the Bureau of Labor Statistics the US unemployment rate dropped nearly a point, from 8.4% to 7.9%.
President Trump has an average unemployment rate since January 2017 of 4.9% Obama’s average unemployment rate over the same relative time period was nearly double at 9.0%. Obama had four years to bring down the unemployment rate while Trump has had only 5 months. The difference is President Trump has the greatest economic recovery in US history while Obama had the worst.
Also, what if the Democrat run states would allow their citizens to go back to work? The decrease in unemployment and increase in jobs would be even greater.