Huge Job Growth in America for July

The United States economy is continuing its longest streak of consecutive positive monthly job growth at 94 months, with 3.9 million jobs created since President Donald J. Trump was elected in November 2016.

Although the Bureau of Labor Statistics (BLS) monthly Employment Situation Report shows that nonfarm payroll employment rose by 157,000 jobs in July, falling short of expectations, the average job growth per month is 215,000 for 2018—exceeding average monthly gains in 2016 (195K) and 2017 (182K)—once cumulative positive revisions to May and June are included.

Job growth has been strong across the board during the first 18 months of this Administration, and in July the manufacturing and professional & business services industries experienced significant gains. Since President Trump was elected, goods-producing industries (construction, manufacturing, mining, and logging) have added more than 900,000 jobs.

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A separate BLS Household Survey offers more indications of a strong, growing U.S. economy. The unemployment rate edged down 0.1 percentage point (p.p.) over the month to 3.9 percent, a 0.9 p.p. decrease since January 2017. This is just the eighth time since 1970 that the unemployment rate has fallen below 4 percent, with three of these occasions occurring in 2018. The unemployment rate for Hispanics has reached another historic low, reaching 4.5 percent in July. This is the second month in row the unemployment rate for Hispanics has reached the lowest level recorded since the series began in 1973. The July unemployment rate for individuals with less than a high school diploma fell 0.4 p.p. over the month to 5.1 percent in July, the lowest level since the series began in 1992. The July unemployment rate for adult men was 3.4 percent, the lowest since December 2000.

The employment-population ratio, which is an important indicator of the share of people who are working, rose by 0.1 p.p. in July to 60.5 percent. This marks its highest point since January 2009 (see figure). Since January 2017, the employment-population ratio has increased by 0.6 p.p., which is a sign that more workers are finding jobs and coming off the sidelines, which is good news for America’s economy.

The unemployment rate declined in July across alternative measures of how we measure the workforce, or labor utilizations, as well. The U6 measure, which includes workers who are marginally attached to the labor force and those employed part-time for economic reasons, declined by 0.3 p.p. over the month to 7.5 percent—its lowest rate since May 2001—again showing that those who had given up looking for work are throwing their hats in the ring.

Today’s BLS Employment Situation Report shows another month of strong job growth and demonstrates that the American labor market is thriving under the Trump Administration’s pro-growth policies.

 

Shared from Whitehouse.gov

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Mathew Mok
Mathew Mok
3 years ago

If you want to get laid off, have your vehicle reposed, and your house foreclosed on remember to vote NWO Marxist democrat in November. They absolutely hate the idea that people are working and take home pay has been increased. Remember Blow-see and Mad Maxine both say that prosperity is the worst thing that could happen to the country and give a chance they will see to you end up in poverty in a FEMA camp where the nanny state can control your every move.

On the other hand if you are happy working and making money and being free to make your own decisions vote Republican.

MAGA, Get on the Trump Train or get run over by it. .

mbnick
mbnick
2 years ago

This will really make Dems Mad as it goes against their CORE mission to make and KEEP as many as possible Government dependent slaves.

Nancy Bernard
Nancy Bernard
2 years ago
Reply to  mbnick

Yeppers!!! That’s why they are so desperate to import Democratic voters, because they are losing them here in the States when the Old Blue Dogs have finally woken up and see they are no longer the moderate Democrats but radical progressives that prefer oppression over freedom, Socialism over Capitalism, and no God and churches. Create a huge block of poverty in the nation, those illiterate, illegal aliens, and they will be dependent on the government to take care of them the rest of their lives, therefore, voting D to stay on the plantation of Democratic Party. VOTE STRAIGHT RED TICKET IN NOVEMBER! Remember to ask for a paper ballot!

Daniel Mount
Daniel Mount
2 years ago

This is all great but just one thing that our great President is missing. After he is gone after the 8 years how will all of his accomplishments be safe from being taken away from us by these evil Democrats? President Trump needs to make all of his Executive orders to be Iren clade. Or maybe even added on to our Declaration of Independence. If it can be done?

Nancy Bernard
Nancy Bernard
2 years ago
Reply to  Daniel Mount

Those evil Demoncraps are not going to be there. They are the DEEP STATE, corrupt, evil politicians that infiltrated the Old Blue Dog Party for years until they finally took it over. They consist of Communist/Socialist and they want to change every aspect of this nation. It was tried, and failed miserably under BO, however those corrupt leaders of the most powerful organizations in this country, plus their QUEEN KILLARY, and BO REGIME, care about one thing and one thing only. Money, power and control, and they will protect their own to achieve it. President Trump’s victory shocked the entire Deep State and NWO movement. For once, they were not able to win even though the election was rigged for Killary, and the Marxist Media campaigned for her for months. I know this is easy to say, since Trump was elected, but I had a feeling that Killary would not win. MILLIONS of American Patriotic, Christian Americans prayed for months, had prayer circles, and some organizations prayed twice a day and it was nationwide, that we would get our country back from the evil that overthrew it. Our Parish held a mass the night of the election, even with three precincts still voting, the mass went on. Save the Nation, and the attendance was overwhelming! When we came out of that special mass, we learned that President Trump was winning over Killary! I am never losing faith, and none of you should that love our President and voted for him. There was a “Divine Intervention” on election eve, and against all odds, President Trump won, it was a miracle. I suggest going to Mark Taylor’s messages. He is a messenger from God, he doesn’t call himself a prophet, but I have listened to him for a very long time, all of his messages have come true, including his first, in 2011, that President Trump would be POTUS. A couple weeks before Scalia’s untimely death, he said “One Supreme Court Justice will die, but it won’t be who you think it is, another will retire. Mark thought that was it. It wasn’t, he said three more will be caught up in a scandal, and will have to resign. Now, Supreme Court Justice Scalia died, (at the hands of the Clintons), and Mark said this, even though most of us knew it was a hit, just two weeks after that prediction. This year, the other prediction came true, Kennedy resigned! There is much more I couldn’t pretend to know all of them, but he is receiving messages from God who also said “President Trump” was anointed by God to lead us and destroy the evil that took over this nation for years. King David of the Bible was not pure as the driven snow, he killed his brother because he lusted after his wife, Bathsheba. God uses man to relay his messages, and he uses a strong, strong leader to lead us back into faith and guides them to fulfill his plans, and his plans are good. We have the Army of God against the Army of Satan. If you don’t believe this, think about one thing, President Trump did what no other President has ever done, even REAGAN, they talked about it, declared Jerusalem was the capital of Israel, but that was it. President Trump acted on it and the Embassy of America was sent to Jerusalem, out of Palestine, because our President declared Jerusalem the rightful capital of Israel! All prophesied in the Bible, including the leader who will “NOT BE TOUCHED BY EVIL FORCES” but will forge ahead with what is right for the people of the country and bring it back from the brink of the darkness that took it over. Please don’t listen to the bad news, it is making people sick, and it is propaganda to make you feel as if there is no hope. There is, and this country and Israel are God’s countries, and he is angry, and has appointed DT to MAGA. HE IS AND HE WILL!

Martin Korab
2 years ago

The Democratic Party has evolved into the Democratic Communist Party and it will never be the old Democratic Party again. It is made up of people who hate America and the Constitution and will forever be the Democratic Communist Party. Remember that a vote for a Democrat is a vote for Communism and all the ills that goes with them. Beware America, we don’t want to lose what President Trump has gotten for us, so lets stay on the right path with a Trump Plan to Keep America Great and Keep America Free. Sincerely, Martin Korab

R. D. Roseborough
2 years ago

STOP FUSSING AT THE FED TO LOWER INTEREST RATES!!! Millions of American retirees depend upon interest rates on CDs for monthly income!! LET THE FED RAISE THE RATES OR ELIMINATE THE FED AND LET THE MARKET DO IT!!! IF THESE RETIREES HAVE MORE MONTHLY INCOME, THEY WILL BE ABLE TO GIVE MUCH MORE TO ELECTING CONSERVATIVES IN THE UPCOMING MIDTERM ELECTIONS!!!

Janna NA Garden
Janna NA Garden
2 years ago

Americans cannot adequately save for their own future when the capital gains tax on investments is equally as high as the income tax on earned income! How did we EVER get to that point where we allow the government to tax the profit on our SAVINGS — especially when so many investments involve risk, or they require a long time-span to reach a pay-back stage that is, hopefully, higher than the rate of inflation. Want to see Americans THRIVE? Eliminate (or at least dramatically reduce) the heavy taxation on savings and investments!

N
N
2 years ago

Keep up the great work President Trump! The best President ever!

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