Blowout jobs growth of 250,000 bolsters Trump, GOP before elections
(Worthy News) – U.S. employers added 250,000 workers in October, the last month before midterm elections in which incumbent Republicans have pinned their campaigns in part to the success of President Trump’s economic policies.
Unemployment held steady at the 3.7 percent reached the month before, the Labor Department said in a statement Friday, the lowest since December 1969. The payroll expansion was 32 percent higher than the average estimate of 190,000 from economists surveyed by FactSet, and compared with revised growth of 118,000 a month before.
“We saw a nice rebound in October,” Joseph Song, an economist with Bank of America, told the Washington Examiner. Discounting the distortions due to Hurricane Florence, whose landfall on the East Coast skewed September’s data, “you still get a relatively strong number,” he added. [ Source: Washington Examiner (Read More…) ]