Friday’s job report added to this week’s economic optimism. US employers added 225,000 jobs in January, which blew predictions out of the water. The unemployment rate ticked up slightly, at 3.6 percent. Wages increased 3.1 percent from the previous year; wages have grown at an average pace of 3 percent for the last 18 months. Interestingly, the “labor-force participation rate,” meaning the percentage of Americans seeking employment, also increased. Economists have predicted that this number will decrease due to baby boomer retirement from the workforce, but this number has remained constant.
?? A jobs report so huge it broke CNN's computer!
— Steve Scalise (@SteveScalise) February 7, 2020
"This mighty jobs machine keeps going."
? Wages are up big
? Job growth crushed expectations
Dems won’t clap for it, but they can’t rip it up. pic.twitter.com/PfV0zRl149
This is the GREAT American Comeback! Job growth crushed expectations with 225,000 jobs added in January, totaling 7 MILLION jobs since Election Day! pic.twitter.com/umVenck0B0
— Mike Pence (@Mike_Pence) February 7, 2020
This report is an exciting finish to a week of wins for President Trump. The economy is positioned for substantial growth for 2020, which will propel GOP and Independent voters to the ballot box. An economy this transformative will be immensely difficult for Democrats to compete with. No matter how many times Sens. Elizabeth Warren (D-MA) and Bernie Sanders (D-VT) claim that only Wall Street is benefitting from the Trump economy, the average American is feeling the effects of this economic boom.