Fewest unemployed since 2000 despite 24 million more in labor force

Jan. 10, 2020, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement praising the Trump economy’s record low unemployment:

“2019 marked a year of remarkable employment growth with the number of unemployed Americans dropping to a low of 5.753 million with 533,000 fewer unemployed than at the beginning of the year.  December, 2019 marked the fewest number of people unemployed since December, 2000 when there were more than 24 million fewer people in the civilian workforce. This is remarkable.

“Not to be outdone, nearly 2 million more people had jobs at the end of 2019 than at the beginning.  Since President Trump took office in January of 2017 about 6.7 million more people are employed with real wages increasing disproportionately for those at the bottom of the wage scale.

“The unemployment rate remains at 3.5%, a level not seen since Neil Armstrong walked on the moon in 1969.”

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