There was very good economic news on Friday, as the Labor Department's Bureau of Labor Statistics rolled out the October employment report - the final one before next week's midterm election.
The 156,562,000 Americans employed in October is the twefth record set under President Donald Trump.
In October, the number of employed men age 20 and up - 80,405,000 - set the 12th record since Trump took office; and likewise, for the 12th time, the number of employed women age 20 and up set a record, reaching 70,909,000 in October.
The unemployment rate for African-Americans, 6.2 percent, remained near the all-time low of 5.9 percent set in May. On top of those numbers, the economy added a whopping 250,000 jobs last month.
The number of Americans not in the labor force dipped to 95.8 million, down from last month's record high; and the labor force participation rate increased two-tenths of a point to 62.9 percent, a move in the right direction.
Among the major worker groups, the unemployment rates for adult men, adult women, teenagers, Whites, Blacks, and Asians showed little or no change in October.
"More Americans are working now than any time in history. Think of that...So today, right now, we have more Americans working than at any time, any time in the history of our country. That's pretty good," he said.
https://www.cnsnews.com/news/article/susan-jones/156562000-record-employment-12th-time-under-trump
The 156,562,000 Americans employed in October is the twefth record set under President Donald Trump.
In October, the number of employed men age 20 and up - 80,405,000 - set the 12th record since Trump took office; and likewise, for the 12th time, the number of employed women age 20 and up set a record, reaching 70,909,000 in October.
The unemployment rate for African-Americans, 6.2 percent, remained near the all-time low of 5.9 percent set in May. On top of those numbers, the economy added a whopping 250,000 jobs last month.
The number of Americans not in the labor force dipped to 95.8 million, down from last month's record high; and the labor force participation rate increased two-tenths of a point to 62.9 percent, a move in the right direction.
Among the major worker groups, the unemployment rates for adult men, adult women, teenagers, Whites, Blacks, and Asians showed little or no change in October.
"More Americans are working now than any time in history. Think of that...So today, right now, we have more Americans working than at any time, any time in the history of our country. That's pretty good," he said.
https://www.cnsnews.com/news/article/susan-jones/156562000-record-employment-12th-time-under-trump
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