The Bureau of Labor Statistics (BLS) has released its October jobs report, and the numbers are record-setting with record unemployment among Hispanic workers and significant gains in the construction, manufacturing, transportation, and service industries. Some 250,000 nonfarm jobs were generated, exceeding predictions and the previous 12 months’ average of 211,000. Wages are also at their highest level in more than nine years, with wages rising 83 cents, or 3.1 percent, over the course of 2018. With all the booming, what’s to complain about on Election Day?
Here’s more from The Daily Wire…
The October jobs report has been released by the Bureau of Labor Statistics (BLS), and it’s a smash hit. All sorts of numbers testify to the effectiveness of President Trump’s effect on the economy, and here they are:
The economy, which is growing by leaps and bounds, generated 250,000 new non-farm jobs in October. That exceeded the forecast for October from MarketWatch, which had estimated that 208,000 new nonfarm jobs would be created. The October jobs gain followed an average monthly gain of 211,000 over the prior 12 months.
Health care added 36,000 jobs in October; in the last year, health care employment increased by 323,000. Manufacturing gained 32,000 jobs; over the last year that sector gained 296,000 jobs. Construction employment rose by 30,000 in October; in the last year, it has gained 330,000 jobs.