With all of the hullabaloo surrounding President Trump, Bill Barr, and others, it can be easy to overlook the more positive aspects of the Trump administration.
To be fair, all presidents are going to have controversy – this is certain – but Trump’s issues are exacerbated by the “resistance” media, giving this administration an uphill climb to regain normalcy.
For as boisterous as the President can be, there is one subject that he has been accused of underselling: The stellar economy over which he is currently presiding. With the April figures now public, there are now even more feathers in Trump’s cap, specifically in the realm of women’s unemployment.
The unemployment for women fell below 4 percent in March 2018 for the first time since the dot com boom in 2000. It has remained below 4 percent in 12 out of the last 13 months.
The longest streak of below 4 percent unemployment was 18 months starting in 1952. The record low was 2.7 percent in May 1952.
This strong showing for the ladies was accompanied by evidence of a broader economic bloom as well.
U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand.
The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop reflected a rise in the number of people who stopped looking for work. Average hourly pay rose 3.2% from 12 months earlier, a healthy increase that matched the increase in March.
President Trump celebrated the news today with a tweet in which he characterized America as “the envy of the world”.
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