The United States economy, led by President Trump, added 638,000 jobs in October beating expectations.
According to The Daily Caller:
The U.S. economy added 638,000 jobs in October, while unemployment fell to 6.9%, according to Department of Labor data released Friday.
Total non-farm payroll employment rose by 638,000 in October, according to the Bureau of Labor Statistics report, and the number of unemployed persons fell by 1.5 million to 11.1 million. The U.S. added 661,000 jobs in September while the unemployment rate dropped to 7.9%.
“There’s a pretty consistent pattern here that things are getting worse,” said Pantheon Macroeconomics economist Ian Shepherdson, according to The Wall Street Journal.
Economists projected 530,000 Americans to be added to payrolls and the unemployment rate to drop to 7.7% prior to Friday’s report, according to the WSJ. In August, the unemployment rate fell below 10% for the first time since April when the rate reached 14.7%.
Despite a record surge in GDP for the third quarter millions of Americans voted for a different direction in Joe Biden.