Great Recession Recovery Finally Starting, Thanks to Trump
  [Thursday, August 10, 2017 7:08:00 AM]
The Hill
The July jobs report issued by the Bureau of Labor Statistics provided further evidence that America is now finally enjoying a real recovery from the steep recession of the financial crisis.

Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate declined to 4.3 percent.

Under President Trump, the unemployment rate is lower now than it was at any time under Presidents Obama, Reagan or Kennedy. The unemployment rate has been lower than today in only 23 of the 576 months since Jan. 1, 1970 – just four percent of that time.

The July report also showed that wages are rising again. Indeed, the report stated, over the past year, “Average hourly earnings for all employees on private, non-farm payrolls rose…by 2.5 percent.” That is a higher gain than those reported in the vast majority of jobs reports under President Obama.

This good news just further confirms Trump’s broader economic recovery. Last week, the stock market broke historic records, with the Dow eclipsing 22,000 on Tuesday. Real economic growth reached 2.6 percent in the second quarter. The Washington Times reported Aug. 1, “Corporate earnings for the second quarter are beating forecasts at the highest rate in at least nine years.”

Sources: (
The Hill, NBC
)
As the Lord leads, please pray:
• For the Trump team as they work on economic issues
• For the continued growth of the U.S. economy and jobs market
• That the media will report the truth about the U.S. economic resurgence
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