- Oct 23, 2012
- 6,462
- 3,603
The U-6 unemployment rate--aka "the real unemployment rate," the rate that even Bernie Sanders says gives us a better picture of the employment picture--dropped to 7.8% in April. This is a 17-YEAR LOW. The last time the U-6 was at 7.8% was in July 2001! Better yet, since President Trump came to office, the U-6 rate has dropped by a whopping 17%, from 9.4% in January 2017 to 7.8% last month.
U6 Unemployment Rate | Portal Seven
Also, GDP growth in the Q1 (first quarter) of 2018 is markedly exceeding most experts' predictions. Q1 GDP growth was 11% higher than most experts had predicted. Economists polled by Reuters estimated that 1Q GDP growth would be 2.0%, but it was 2.3%.
Finally, allow me to repeat a fact that I noted in a recent thread: April saw another huge, historic jump in manufacturing jobs with 24,000 new manufacturing jobs created. The four highest jumps in manufacturing jobs have all occurred since Donald Trump was elected, and three of them have occurred since he took the oath of office.
https://www.bls.gov/news.release/pdf/empsit.pdf
Investor's Business Daily noted four week ago:
With April's data now in, the number of new manufacturing jobs under Trump now stands at 305,000.
The Balance notes that manufacturing jobs are a key economic indicator:
U6 Unemployment Rate | Portal Seven
Also, GDP growth in the Q1 (first quarter) of 2018 is markedly exceeding most experts' predictions. Q1 GDP growth was 11% higher than most experts had predicted. Economists polled by Reuters estimated that 1Q GDP growth would be 2.0%, but it was 2.3%.
Finally, allow me to repeat a fact that I noted in a recent thread: April saw another huge, historic jump in manufacturing jobs with 24,000 new manufacturing jobs created. The four highest jumps in manufacturing jobs have all occurred since Donald Trump was elected, and three of them have occurred since he took the oath of office.
https://www.bls.gov/news.release/pdf/empsit.pdf
Investor's Business Daily noted four week ago:
Trump said on Thursday that "the cutting of regulations could have had the same or even a bigger impact on our economy." That's no exaggeration. In Obama's last year, the number of factory jobs shrank by 16,000. Since Trump entered office and began cutting taxes and slashing regulations, 281,000 new manufacturing jobs have been created. (Trump's Deregulation Binge Shows No Signs Of Ending | Investor's Business Daily)
With April's data now in, the number of new manufacturing jobs under Trump now stands at 305,000.
The Balance notes that manufacturing jobs are a key economic indicator:
Pay close attention to how many manufacturing jobs are added or lost each month. This is a significant leading economic indicator. Factories add workers as soon as they receive a large enough order. It could take months or even years before the order ships and shows up in economic output. Manufacturing is a better indicator of recession than the service sector, whose job levels remain consistent through the boom-and-bust cycle. (Where the 164,000 Jobs Were Added in April)