Washington, DC (December 6, 2019) – Today, the U.S. Department of Labor (DOL) released its jobs report for November.
“The 266,000 new jobs created in November is just the latest demonstration that the Trump economy is flourishing. The unemployment rate fell to 3.5% — a 50 year low. Year-over-year wages rose by 3.1%, continuing the pace of three percent or faster wage growth that’s been going on for over a year now. Manufacturing employment rose by an impressive 54,000 last month as GM workers returned from their strike. Manufacturing employment and wages would grow even faster if Speaker Pelosi passed the USMCA, which modernizes NAFTA for the 21st century. The report also revised up job growth in September and October by 41,000, revealing that the recent labor market is even stronger than originally thought.
Today’s report is more proof that President Trump’s pro-small business policies such as tax cuts and deregulation are helping ordinary Americans. While critics secretly — and sometimes openly — hope for a recession for their own partisan purposes, there’s no denying the facts that the Trump economy continues to roll.”