Great jobs report this morning:
▶️ 3.6% unemployment rate
▶️ New record low unemployment for black Americans (5.4%)
▶️ Average 167K jobs per month in 2019
▶️ 3% wage growth over last year
▶️ 3.6% unemployment rate
▶️ New record low unemployment for black Americans (5.4%)
▶️ Average 167K jobs per month in 2019
▶️ 3% wage growth over last year
Thread
1/
This morning's jobs report shows how America's workers are benefiting from the continued strength of the Trump economy
Hard to overstate the great news in this
Let's go through the numbers
1/
This morning's jobs report shows how America's workers are benefiting from the continued strength of the Trump economy
Hard to overstate the great news in this
Let's go through the numbers
2/
The economy added 128,000 jobs last month and Aug. & Sept. were revised up by a whopping 95,000 jobs
Averaging a very strong 176,000 new jobs over each of the last three months (where's the recession Dems are cheerleading for?)
Total since Nov. 2016 - 6.7 million new jobs
The economy added 128,000 jobs last month and Aug. & Sept. were revised up by a whopping 95,000 jobs
Averaging a very strong 176,000 new jobs over each of the last three months (where's the recession Dems are cheerleading for?)
Total since Nov. 2016 - 6.7 million new jobs
3/
The unemployment rate remained at a historically low rate of just 3.6 percent
Reminder: last time it was this low before the Trump Administration was 1969
The unemployment rate remained at a historically low rate of just 3.6 percent
Reminder: last time it was this low before the Trump Administration was 1969
4/
The black unemployment rate hit a ***new record low*** of just 5.4 percent last month
Context: when President Trump took office, the black unemployment rate was 7.7 percent and had NEVER been below 7 percent
The black unemployment rate hit a ***new record low*** of just 5.4 percent last month
Context: when President Trump took office, the black unemployment rate was 7.7 percent and had NEVER been below 7 percent
5/
Unemployment rates for women, Hispanic Americans, Asian Americans, and veterans all remained at historically low levels
Shows that the benefits of the Trump economy continue to go to all Americans
Unemployment rates for women, Hispanic Americans, Asian Americans, and veterans all remained at historically low levels
Shows that the benefits of the Trump economy continue to go to all Americans
6/
Just one example, women's unemployment was just 3.2 percent in October
Last time it was that low before the Trump Administration was 1953
73,000 of the new jobs created last month went to women
Just one example, women's unemployment was just 3.2 percent in October
Last time it was that low before the Trump Administration was 1953
73,000 of the new jobs created last month went to women
7/
Wages grew by 3 percent over the last year
For 15 months in a row now, wages have grown by 3 percent or better on an annual basis
Reminder that during the Obama Administration, this happened for three months total, and average was just 2.2 percent
Wages grew by 3 percent over the last year
For 15 months in a row now, wages have grown by 3 percent or better on an annual basis
Reminder that during the Obama Administration, this happened for three months total, and average was just 2.2 percent
8/
One final note about the "loss" of manufacturing jobs in this report
The jobs report counts the UAW/GM strike as a jobs "loss" even though these workers are on strike, not unemployed
When you factor the strike out, manufacturing actually **gained** 6,000 jobs last month
One final note about the "loss" of manufacturing jobs in this report
The jobs report counts the UAW/GM strike as a jobs "loss" even though these workers are on strike, not unemployed
When you factor the strike out, manufacturing actually **gained** 6,000 jobs last month
