Trump Economy Keeps Roaring: 196,000 Jobs in March … Gain in Payrolls … Stock Market Approaching Record Highs
The Trump Economy Continues …
As reported at CNBC, Nonfarm payrolls expanded by 196,000 and the unemployment rate held steady at 3.8%. Also, Wall Street closed out another solid week of gains Friday as the stock market hit its longest winning streak in a year and a half. Coupled with the recent news of unemployment weekly claims at a 50 year low and we have Trump economy that is booming at Democrats play partisan, obstruction politics. America, who is working for you and who is just playing political games?
Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday.
That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.
“With a strong March employment report now in the books, we’ve gotten some reassurance that the labor market is still strong,” said Steve Rick, chief economist at CUNA Mutual Group. “Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine.”
Posted April 5, 2019 by Scared Monkeys
Capitaism, Economy, Jobs, Stock Market, Unemployment | no comments
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