The US economy continued to roar to life under President Trump and the Republican-controlled Congress in October, with new data showing a record-setting number of Americans employed as private sector jobs grew by 250,000 positions.
According to CNBC, “Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession.”
Non-farm payrolls grew by 250,000 jobs; smashing economist expectations of 190,000.
The data released by the Bureau of Labor Statistics also found a record-setting number of Americans employed at 156,562,000 with the Hispanic-American unemployment rate at an all-time low of 4.4%.
The stunning economic data for the 3rd quarter of 2018 may spell disaster for Democrats just days from the pivotal midterm elections, with House Minority Leader Nancy Pelosi vowing to repeal the ‘GOP Tax Scam’ if her party retakes control of Congress.
Read the full story at CNBC.