May 5, 2017

Unemployment rate in America drops to lowest level in a decade after 100 days under Donald Trump's Presidency

The unemployment rate ticked down to 4.4 percent, the lowest level seen since May 2007.

“The American job machine returned to form in April,” James Marple, senior economist at TD Economics, wrote in a note. “The re-acceleration in jobs should assuage fears that economic growth is slowing in any meaningful way.”

Job gains were seen in mining and manufacturing, sectors that are relatively small but have been closely watched due to the Trump administration’s vows to boost employment in the industries. The bulk of the job gains made in April came from the much larger sectors of leisure and hospitality, education and health, and business services.

Economists were widely reassured by additions to the job markets and the larger-than-expected drop in the unemployment rate.

The Radical Left-Wing and Anti-Trump Washington Post is informing us. (The source of the article.)

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