This article originally appeared on Fox News on December 7, 2019.
Under President Trump, we’ve seen the labor markets reach incredible heights. The good news for American workers is that the growth in jobs and wages isn’t coming to an end any time soon.
Although I have to admit that I never tire of the “beat expectations” admissions that seem to come out after every new economic report, you have to wonder what it will take for liberals to finally acknowledge an economic boom that’s improving the lives of all Americans.
The November jobs report should be more than enough to dispel the pessimism that anti-Trump “experts” constantly sow through the media. The American economy added 266,000 new jobs in November, sending the unemployment rate to a 50-year low of 3.5 percent.
The results blew past expectations. Economists surveyed by The Wall Street Journal predicted the economy would add 188,000 jobs last month, leaving the unemployment rate at 3.6 percent. MarketWatch came up with a slightly lower figure, forecasting just 180,000 new jobs.
Those discrepancies were pretty big, but they weren’t nearly as misleading as the ADP report, a closely-watched indicator of private-sector employment that comes out just days before the official jobs report.
Rarely an accurate barometer of job growth, ADP indicated that employment only increased by 67,000 jobs in November, falling short by a whopping 199,000 jobs — which is an especially big deal for a whole lot of families right before the holidays.
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