Contribute
CONNECT:

research

Trump's Economy Continues To Create Jobs And Put Americans Back To Work

- May 5, 2017

 APRIL JOBS REPORT

April's Job Statistics Reveal Hundreds Of Thousands Of New Jobs And The Lowest Unemployment Since Before The Recession

Nonfarm Payroll Increased By 211,000 In April. ( Bureau Of Labor Statistics , Accessed 05/05/17)

The Unemployment Rate Decreased From 4.5 Percent To 4.4 Percent In April. ( Bureau Of Labor Statistics , Accessed 05/05/17)

  • The Unemployment Rate For 25-34 Year Olds Decreased 4.5 To 4.4 Percent In April. ( Bureau Of Labor Statistics , 05/05/17)
  • The African-American Unemployment Rate Decreased From 8.0 To 7.9 Percent In April. ( Bureau Of Labor Statistics , Accessed 05/05/17
  • The Real Unemployment Rate, Including Those That Are Working Part-Time Due To Economic Reasons, Decreased From 8.9 To 8.6 Percent In April. ( Bureau Of Labor Statistics , Accessed 05/05/17)
  • Under President Trump, The Hispanic Unemployment Rate Has Decreased From 5.9 To 5.2 Percent. ( Bureau Of Labor Statistics , Accessed 05/05/17)

The Number Of Unemployed Workers In April Decreased From 7.20 Million To 7.10 Million. ( Bureau Of Labor Statistics , Accessed 05/05/17)

The Number Of Americans Who Are Unemployed, Underemployed Or Have Given Up Looking For Work Decreased From 14.35 Million To 13.90 Million. (Bureau Of Labor Statistics, Accessed 05/05/17)

  • The Number Of Workers Working Part-Time For Economic Reasons Decreased From 5.55 Million To 5.27 Million. ( Bureau Of Labor Statistics , Accessed 05/05/17)
  • The Number Of Americans That Were Marginally Attached To The Labor Force In April Decreased From 1.60 Million To 1.53 Million. ( Bureau Of Labor Statistics , Accessed 05/05/17)

Average Hourly Earnings For All Employees Increased From $26.14 To $26.19 In April . ( Bureau Of Labor Statistics , Accessed 05/05/17)

Average Weekly Hours Increased From 34.3 To 34.4 In April. ( Bureau Of Labor Statistics , Accessed 05/05/17)

This Month's Jobs Report Far Exceeds Expectations

The New York Times Headline: "U.S. Jobs Growth Bounces Back; Unemployment At 10-Year Low." (Patricia Cohen, "U.S. Jobs Growth Bounces Back; Unemployment At 10-Year Low," The New York Times , 05/05/17)

26,000 More Jobs Were Created Than Expected. "Economists surveyed by Reuters had been expecting payroll growth of 185,000 and the headline jobless rate to tick up one-tenth to 4.6 percent." (Eric Morath, "US Created 211,000 Jobs In April, Vs 185,000 Jobs Expected," CNBC , 05/05/17)

The Unemployment Was Expected To Increase, But Actually Decreased This Month. "The unemployment rate is forecast to tick up to 4.6 percent from the 4.5 percent recorded a month earlier." (Richard Leong, "U.S. Private Sector Adds 177,000 Jobs In April -ADP," Reuters , 05/03/17)

Praise For The April Jobs Report Poured In From Pundits And Major News Outlets

CNN's Dana Bash Said The Unemployment Rate Is "A Wow Number," That It Is "At The Lowest Number That It Has Been Since Before The Recession In 2008" And "That Is A Really Big Deal." DANA BASH: "Let's take a step back and look at that big number. That is a wow number. The fact that the unemployment rate is the lowest number that it has been since before the recession in 2008 since May of 2008. That is a really big deal." (CNN's, "New Day," 05/05/17)

Click To Watch Here

CNBC's Panelists Said That This Is A "Very Strong Report" And That The "Market Is Well-Positioned." JEFF ROSENBERG: "That's the key here. Is that this is a very strong report, strong across the sector as you had a recovery in retail. You had good leisure and hospitality - that helped to boost it. But the real story here is the tightness in the labor markets. Didn't really show up this month in the year over year figures. The base effects are pretty strong there. But the fed's going to pay attention here in terms of the job market really starting to go well above potential. You know, Ryan you mentioned is it ugly? Is it attractive? Today it's attractive in terms of being at full employment. Market will pay attention to wages, and whether or not that turns…JOE TERRANOVA: U-6 is the lowest since November of '07. The rate itself is the lowest since May of '07. Clearly companies feel that they have pricing power. They're able to lift some wages. It's a good enough report in the sense of its beats consensus which was the worry overall for the marketplace. Listen, the market is well positioned. We're sitting right off all-time highs. Watch financials today and see if we could power our way and break out of 2400." (CNBC's "Squawk Box," 05/05/17)

Click To Watch Here

The Positive Jobs Report Follows Recent Indications That Americans' Confidence In The Economy Under President Trump Are At Record Levels

Consumer Confidence Held Close To The "Highest Level In More Than 15 Years." "Consumer confidence last week held close to the highest level in more than 15 years as Americans felt a little better about their finances and whether it's a good time to spend, Bloomberg Consumer Comfort Index data showed Thursday." (Michelle Jamrisko, "American Consumer Comfort Remains Close To A 15-Year High," Bloomberg , 05/04/17)

  • "Sentiment Among Homeowners Rose To 59.2, The Highest Level Since February 2001." (Michelle Jamrisko, "American Consumer Comfort Remains Close To A 15-Year High," Bloomberg , 05/04/17)
  • "Measure Of Personal Finances Edged Up To 59.9 After 59.7." (Michelle Jamrisko, "American Consumer Comfort Remains Close To A 15-Year High," Bloomberg , 05/04/17)
  • "Consumers With Some College Education Or More Were More Optimistic Than At Any Time Since August 2001." (Michelle Jamrisko, "American Consumer Comfort Remains Close To A 15-Year High," Bloomberg , 05/04/17)
  • "Buying-Climate Gauge Jumped To A Five-Week High Of 44.4 From 43." (Michelle Jamrisko, "American Consumer Comfort Remains Close To A 15-Year High," Bloomberg , 05/04/17)

Previous post

The Urgency Of Repealing And Replacing Obamacare

Next post

The Virginia Governor’s Race: Exposing The Democrat Party Of Disunity
Republican National Committee

Connect With Us

Republican National Committee
Chairwoman Ronna McDaniel
News & Videos
  • 310 First Street SE, Washington, DC 20003
  • 202-863-8500

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee. Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com

By providing your phone number, you are consenting to receive calls and SMS/MMS msgs, including autodialed and automated calls and texts, to that number from the Republican National Committee. Msg&data rates may apply. Terms & conditions/privacy policy apply 80810-info.com.

Paid for by the Republican National Committee.
Not Authorized By Any Candidate Or Candidate's Committee. www.gop.com