Trump Gets Great Ecconomic Report as Unemployment Hits 50 Year LOW

  • 2019-12-06
  • Source: TTN
  • by: TTN Staff
Trump Gets Great Ecconomic Report as Unemployment Hits 50 Year LOW
By Gage Skidmore from Peoria, AZ, United States of America via Wikimedia Commons
 
Economic numbers released on Friday revealed that the United States economy has added over 250,000 jobs in November and the unemployment rate is the lowest in 50 years.

According to Fox Business:

U.S. hiring surged in November, as the economy added 266,000 jobs and unemployment returned to a half-century low, a sign the U.S. is powering through a global slowdown.

The payroll number easily topped the estimate of 180,000 from economists surveyed by Refinitiv, who also saw the unemployment rate holding steady from October's 3.6 percent.

It marks the 110th month of straight gains.

Unemployment ticked down slightly to 3.5 percent as more people were looking for work, matching a 50-year low. The labor force participation rate was little changed at 63.2 percent. Average hourly earnings, meanwhile, rose by 3.1 percent over the past year to $28.29.

The U.S. economy continues to show strong job growth which is one of President Trump's main focuses.

 Source: TTN

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