Trump Effect Takes Root as April Unemployment Drops to Lowest in Decade

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America’s unemployment rate dropped to 4.4 percent in April — the lowest level it has been at since May of 2007.

Call it the Trump effect — a pure pro-market, pro-growth, anti-regulatory atmosphere and White House rhetoric that’s obviously resonating among the business-minded of America.

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Donald Trump has long promised his presidency would usher in a new pro-growth business mindset in America, translating into better economic times for all — and according to recent job statistics, that appears to be coming.

Payrolls for the month grew by 211,000 jobs, statistics showed. And that surpassed what economists predicted.

From Breitbart:

“The American job creation machine was re-ignited in April after a disappointing March. Payrolls grew by 211,000 jobs in the months and unemployment fell to 4.4 percent, the lowest since May 2007.

“The consensus forecast of economists was for job growth of 185,000 and for a slight increase in unemployment.

“A broader measure of unemployment known as U-6, which includes people not actively looking for jobs as well as workers who can only find part-time jobs, fell to 8.6 percent from 8.9 percent in March, the lowest level since November 2007. Somewhat strangely, the decline in unemployment and rise in job creation was accompanied by a tick downward in the labor force participation rate to 62.9 percent.

“Wages grew seven cents an hour to an annualized pace of 2.5 percent, a decline from March’s 2.7 percent rate. Economists had expected wage growth to remain unchanged. The decline in the pace of wage growth may partly be explained by types of jobs that were created in March. These were concentrated in less productive, lower paying fields, with leisure and hospitality leading the way with 55,000 positions.

“March now seems to have been even more dismal than originally thought. The initial read of 98,000 jobs was revised down to 79,000, a remarkably low number. February, however, was revised upward to 232,000 from 219,000.

“Overall, the report suggests that the economy is growing at a healthy pace despite the poor jobs number in March and sluggish first quarter GDP showing.”

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Mahou Shoujo
Mahou Shoujo
6 years ago

Good, now keep it up.

Paularboyd
Paularboyd
6 years ago
Reply to  Mahou Shoujo

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Mahou Shoujo
Mahou Shoujo
6 years ago
Reply to  Paularboyd

The seat belts keep poking me in the ass, and the seats are too small to sprawl across.

Jackie Puppet
Jackie Puppet
6 years ago

I’ve bashed unemployment figures in the past few years elsewhere as being completely false & inaccurate, and just cause Trump’s in office, it won’t change my opinion.

Trump’s impact on the economy won’t really be felt until this fall.

For true unemployment numbers, check out shadowstats.com

I still see an increasing number of warehouses & strip-mall business with brown paper in the windows. I even know a few people who just got laid off in the past month alone.

Dean
Dean
6 years ago

As Trump said in his campaign, these statistics are defective and possibly phony and he should scrap this seriously flawed and subjective system. The government has objective figures on the employment participation rates and can break it down by age groups as well as income groups. Then we could measure solid middle class improvements versus entry jobs which makes a substantial economic and tax revenue difference. That should be the new measure of economic success and this is too early for Trump to be taking much credit for it. If the Republicans can pass his tax proposal quickly and even for the new fiscal year in October, the gains could be significant within a year of it taking effect and if that starts to happen before the midterms, it could overcome some Republican failures.

Steve
Steve
6 years ago

I was listening to the imbecilic media the other day trying to pawn off the drop in unemployment and subsequent increase in jobs as nothing much. Its just a mass (media) hit piece or a diversion constantly with the leftists. There should be a way to not infringe on the first amendment but have reporters cite story evidence to control their constant lying. One has to train themselves not to listen to them when they come on with their hype and type stories with buzzwords and bullshi*.

Here’s an article on the media’s continuing to try to divert the public attention from Trump’s accomplishment with increased jobs. As time goes on we’ve also seeing how the past dis-ministration lied with polls on jobs as well as many other things.

http://libertyalliance.com/president-trump-helps-bring-thousands-new-jobs-media-focuses-wiretaps/

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