“It’s the economy, stupid!” —James Carville
The “experts” (presumably, Ph.D. economists) once again are stunned. Marketwatch had expected 180,000 jobs to be added to the economy, and credited the end of the GM strike for boosting that expected total by 50,000. So the real forecast was that the Trump economic reforms were adding 130,000 jobs to the economy.
The real total, just released minutes ago: 266,000. Factoring out 50,000 GM jobs, the economy added two thirds more jobs than the experts predicted.
Moreover, the jobs totals for the past two months were revised upward:
[T]he increase in new jobs in October [was revised] to 156,000 from 128,000. September’s gain was raised to 193,000 from 180,000.
Unemployment has declined from 3.6% to 3.5%, matching the lowest figure in half a century.
How many Americans would want to exchange the Trump boom for the Democrats’ version of the “new normal” of steady economic decline?
Read the full story from American Thinker
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