Image Copyright http://money.cnn.com/2017/06/02/news/economy/may-jobs-report-us-economy/index.html

U.S. Unemployment Rate: How Did Trump Do Well?

November 6, 2017
1090 Views

It looks like Trump has shown good performance as the US faced series of unfortunate events particularly the hurricanes that hit the country. The Unemployment rate droped as Trump’s administration added approximately 200,000 jobs.

“You can look it at as a marathon or a sprint. Other expansions were more like a sprint. This is a marathon,” says Robert Frick, chief economist at the Navy Federal Credit Union. Another way to put it: “The party can go on for a lot longer. It’s just not a wild party.”

Labor conditions are back to normal as unemployment rate in the US dropped to 4.1% and it is the lowest in 17 years despite losing 33,000 jobs in September due to Hurricanes Harvey and Irma.

What seems to be impressive is that this may be the best that has ever happened under the Trump administration. However, it still remains as a mystery on why wages refuse to grow. Surely, Trump still has a long way to go.

Click here to got to CNN and read more about America’s latest labor market condition.

You may be interested

Job Hiring is Picking Up as Employers and Consumers Gain Confidence
Economy
549 views
Economy
549 views

Job Hiring is Picking Up as Employers and Consumers Gain Confidence

Lamont J - March 29, 2021

The recent government stimulus for small and medium-sized businesses, personal stimulus checks, and declining Coronavirus cases, are all great news…

Fed Could Maintain 0% Interest Rate Until 2024
Economy
490 views
Economy
490 views

Fed Could Maintain 0% Interest Rate Until 2024

Adam R - March 26, 2021

The Federal Reserve is holding its target interest rate in a range of 0.00% - 0.25%, even while the economy…

Supply Constraints Could Slow the Home Market
Economy
555 views
Economy
555 views

Supply Constraints Could Slow the Home Market

Becky H - March 25, 2021

Low inventory has been a constant in the home market for more than a year. The supply of existing and…