Trump Admin Reports Another Strong Monthly Jobs Report in July
The Trump administration once again has some good economic news to close out the work week with the latest release of Bureau of Labor Statistics’ July job report on Friday.
Here are the highlights of Friday’s numbers:
There were 157,288,000 people employed in July, which marks an increase of 283,000 from the 157,005,000 employed in June.
The July employment number is also a 1,324,000 increase from the same month in 2018.
The unemployment rate has held steady at 3.7 percent.
The number of people not participating in the workforce also dropped considerably from June to July, dropping 183,000 from 96,057,000 to 95,874,000.
The number of people unemployed for 27 weeks or more declined by 248,000, according to a BLS statement.
The number of involuntary part-time workers — people who work part-time despite wanting full-time employment — has also dropped over the past 12 months by 604,000.
BLS also reported Friday that black employment is now at its highest point since the bureau started keeping records on the data in 1972 at 19,481,000. That’s 282,000 higher than June’s number of 19,199,000.
“July’s Employment Situation Report demonstrates the steady and consistent growth of the American economy,” said Acting Labor Secretary Patrick Pizzella. “With Labor Day a month away, we have not seen an unemployment rate this low on a Labor Day since 1952.”
Republican lawmakers praised the news, pointing to Republicans’ tax cuts and deregulation agenda as the cause of economic growth.
“A record number of workers are on the job in America’s strong, healthy and growing economy,” said Senate Republican Conference Chair John Barrasso, Wyo. “Republicans’ tax reform and regulatory relief have set the stage for robust job growth and wage gains, and American workers are winning.”
Senate Finance Committee Chairman Chuck Grassley, R-Iowa, tweeted that the numbers were “good news for families+ society+ the entire country.”
New jobs report shows a RECORD HIGH 157.3 MILLION Americans are working That’s good news for families+ society+ the entire country Under Pres Trump’s economy wages are rising especially for blue collar workers & unemployment has been historically low
— ChuckGrassley (@ChuckGrassley) August 2, 2019
In related news, a recent survey found that a majority of Americans think that government is in the way of growing the economy further, with 56 percent saying that big government spending is holding things back. (For more from the author of “Trump Admin Reports Another Strong Monthly Jobs Report in July” please click HERE)
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