Booming Economy: Unemployment Rate Lowest Since 1969, With Minority UR Also Ticking Down

Despite the fact that throughout the summer, with the Mueller report having found no Trump-Russia collusion and the narrative essentially having died, the fake news media switched tactics to try and intimidate people into believing that recession was right around the corner and it was the end of this economic boom in an effort to try and hurt Trump.
 
The problem with that is, even though such reporting can hurt the stock market, the fake news media can’t report a recession into existence. Several factors have to contribute and none of them really showed signs of a recession. An economic cooldown, at most, but nothing close to a recession.
 
And with September 2019’s jobs numbers, we can still see how good of an economy we have.
 
According to the Bureau of Labor Statistics, the U.S. economy created 136,000 jobs in September. A relatively low number, at least in comparison to others that we have seen in the Trump economy, but still good nonetheless. It’s also likely that the number would’ve been higher if General Motors workers hadn’t gone on strike, preventing that company from being able to hire many new people.
 
What’s more, the jobs numbers were revised up for July and August, totaling 45,000 new jobs added to the numbers of both months (159,000 to 166,000 for July and 130,000 to 168,000 for August), meaning even more jobs created over that span, but slightly dipping for September.
 
But in any case, that’s not all. The unemployment rate is now sitting at 3.5%, down from 3.7% the previous month. The last time it sat at 3.5% was on December of 1969. The only thing that was relatively negative in the report was wage growth, where average hourly earnings were down by 1 cent after having risen by 11 cents the previous month.
 
But regardless, the unemployment rate is at the lowest level it has been since December 1969, matching that rate exactly, which is an impressive feat.
 
But that’s not all. The African American unemployment rate held steady at 5.5%, but for African American men, it fell to 5.4%, which is the lowest level since December of 1973, when it was at 5.2%. The unemployment rate for African American women, on the other hand, went slightly up to 4.6%, up by 0.2 percentage points.
 
And when it comes to Hispanic Americans, the unemployment rate is sitting at a new record-low of 3.9%, the first time in American history when the Hispanic unemployment rate fell below 4% (at least recorded history by the BLS since 1973).
 
As a matter of fact, President Trump is the only president in history to see multiple months where Hispanic unemployment was below 5%. The only other time before Trump’s presidency that Hispanic unemployment was below 5% was in 2006, when Bush was President. However, that was short-lived, as that was the only month in recorded history up to that point when it was that low and it only proceeded to climb as the great recession followed.
 
But ever since Trump took office, Hispanic unemployment never rose above 5.5%, which was the number it was sitting at when Trump was inaugurated. The following month, March of 2017, the unemployment rate for Hispanics dropped by 0.5 percentage points. Trump also saw 23 total months when Hispanic unemployment rate was below 5%, with 18 of those months being the last 18 months so far.
 
But all of these figures really show the type of picture – the kind of reality – that the Left does not want people to see and know about. The Trump economy is strong. Very strong. The reason 2020 Democrats have stayed as far away as possible from discussing the economy is because there is nothing but good news for Trump there.
 
No other President has achieved what Trump has achieved, Democrat or Republican, at least when it comes to Hispanic unemployment. And again, African American unemployment (at least for men) is the lowest since 1973 and general unemployment is the lowest since late 1969.
 
Regardless of what the media might try and report, they do not report on reality. They only try and shape it. Similar to the polls that say that every Democrat candidate beats Trump (what a load), the fake news media’s reports regarding anything are total crap.
 
They mistakenly believe that the strength of the economy is tied strictly to the stock market. And while it is a considerable part of it, short-term downtrends in the stock market do not mean downtrends in the economy as a whole. The unemployment rate has been going up and down throughout the Trump presidency, but the trend is largely down.
 
The economy has been booming over the past couple of years thanks to Trump’s economic policies of deregulation and thanks to the tax cuts. These are things that, try as they might, the fake news media cannot control with fake news reports.
 
Here’s hoping these trends continue to show throughout the rest of Trump’s presidency and beyond.
 
Romans 8:28
“And we know that for those who love God all things work together for good, for those who are called according to his purpose.”
 
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Author: Freddie Marinelli.