Trump economic miracle continues with unemployment at 50-year low of 3.5 percent

Dec. 6, 2019, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the latest jobs report:

The unemployment rate is at a 50 year low at 3.5 percent. In the past year, 1.6 million people entered the workforce and an incredible 1.8 million people got jobs – this is an unprecedented run of job growth exceeding people entering the workforce at what many economists consider to be beyond full employment.  Even more significant, people who wanted work but had given up on applying was down 26 percent and people not looking because they believe no jobs are available for them was down 28 percent from a year earlier. Finally, and most importantly, fewer people are unemployed since the year 2000, when there were 19 million fewer Americans in the workforce.  The Trump economic miracle continues to astound as more and more Americans are achieving the American dream, and it is clear that the factless impeachment is a desperate partisan attempt to distract the nation from the greatest economy in any of our lifetimes.”

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