Booming Economy: Unemployment Rate Stands At 50-Year-Low

If this title seems familiar to you, I would not be very surprised. A month ago, almost to the date, I wrote an article about unemployment claims standing at a 50-year-low. However, those numbers are a tad different from these numbers.
 
In that previous article, I covered a story by The Hill, where they said: “Initial claims for state unemployment benefits fell to a seasonally adjusted 203,000 for the week… the lowest since December 1969… the four-week moving average… was 209,500… the lowest level for this average since Dec. 6, 1969 when it was 204,500.”
 
But the unemployment rate is a different story. A month ago, it stood at 3.9%. In the latest jobs report by the Bureau of Labor Statistics, “the unemployment rate declined to 3.7 percent in September, and total nonfarm payroll employment increased by 134,000…”
 
According to the BLS: “the number of unemployed persons decreased by 270,000 to 6.0 million. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage points and 795,000, respectively.”
 
The report also mentions that adult women’s unemployment rate stands at 3.3%, as well as White unemployment. “The jobless rates for adult men (3.4 percent), teenagers (12.8 percent), Blacks (6.0 percent), Asians (3.5 percent), and Hispanics (4.5 percent) showed little to no change over the month.”
 
The last time I saw the black unemployment rate, it stood around 5.9%, so a little bit of an increase, unfortunately, but nothing severe. Hispanic unemployment rate is sitting at the same record low that it was last month.
 
Now, we should also mention the fact that we only added 134,000 jobs last month, which is lower than usual and lower than was even expected.
 
According to the BLS: “Total nonfarm payroll employment rose by 134,000 in September, compared with an average gain of 201,000 over the prior 12 months.”
 
However, they explain that Hurricane Florence hitting some of the East coast states likely impacted the jobs report to some extent. I do not know the full details of how much damage the hurricane caused and how many jobs were negatively affected by the hurricane in this report, but it stands to reason that the hurricane would do at least some damage.
 
Regardless of this, the overall news is pretty fantastic. Sitting at a 50-year-low unemployment rate is pretty significant and a huge achievement for this administration. It really should not be understated how big an achievement this is.
 
The last time we had an unemployment rate this low:

• Man had just landed on the moon.

 

• Richard Nixon was POTUS.

 

• A gallon of gas cost 32 cents

 

• A new house cost $40,000  

 

• A new car cost $2,000

 

• The Dow Jones was at roughly 800 points

 

• The average annual income per person was $6,500.

 

• James Earl Ray plead guilty to killing MLK Jr.

 

• The book “The Godfather” was published

 

• The Jackson 5 released “I Want You Back”.

 

• And Ted Kennedy drowned a woman in Chappaquiddick

 
 
So knowing all of this, this just tells you how impressive of an achievement this is.
 
We have record-low unemployment rates across the board and we are truly Making America Great Again.
 
When the Democrats say they “have to stop Trump”, is this what they mean? They want to stop the economy booming? They want to set us back in trade policy with other nations? They want to set us back in foreign policy altogether? They want to allow ISIS, or Muslim extremists in general, to rebuild their strength and once again pose a threat to Western Civilization?
 
I know these are all rhetorical questions, but the answer honestly is yes. That’s precisely what they want to do. They hate the fact that the economy is doing so well under Trump. They hate the fact that he’s successfully destroyed NAFTA and negotiated a new, better deal with Mexico and Canada. They hate the fact that his “bullying” tactics have worked with North Korea so far, and even try to say that such tactics won’t work on Iran. They hate the fact that terrorism is now largely a threat to nations that have elected socialist governments to represent them, such as Great Britain, France, etc., while largely leaving the U.S. alone.
 
We never had numbers even close to this with Obama. Sure, they tried to say the numbers were low, but largely because a lot of people simply stopped looking for work in the first place. These numbers are real, as reflected by the fact that wages are going up and thousands of businesses have given their employees some extra cash in their pockets, with Walmart having increased their minimum wage to $15 without being pushed to doing this and risking layoffs.
 
The economy is truly booming, which is why the MSM doesn’t cover it unless the Dow Jones goes down by a lot in a single day (and when it goes back up by a lot the next, they go back to not covering the economy very much).
 
And no Democrat, especially Obama, is to thank for this. It’s not their tax cuts that are helping – it’s the GOP’s. They adamantly voted against those tax cuts, if you’ll remember.
 
Here’s hoping that there is a Red Wave this November, Congress gets flooded with more and more Republicans and we can continue seeing these great numbers all the way to 2020, when Trump goes against Cory “not so Smarticus” Booker, Kamala “illegals are more important than you” Harris, Elizabeth “Fauxcahontas” Warren or Hillary “how am I still not in jail, Jeff?” Clinton.
 
James 1:17
“Every good gift and every perfect gift is from above, coming down from the Father of lights with whom there is no variation or shadow due to change.”
 
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Author: Freddie Marinelli.