Elder Patriot – Democrats, running to reverse President Trump’s tax cuts, return to wealth-stealing trade policies, and to restore job stifling regulations were hit with a massive sledgehammer this morning when the Labor Department Bureau of Labor Statistics released the October employment report.
Trump’s policies, 100% resisted by every Democrat in both Houses of Congress, created the conditions for businesses to create 250,000 new jobs in the just concluded month.
But, this report is about a whole lot more than jobs alone.\
The labor force participation rate moved upwards from 62.7 to 62.9%. The nation’s civilian noninstitutionalized population that consists of all people age 16 or older who are not in the military or an institution, reached 258,514,000. Of those, 162,637,000 participated in the labor force by either holding a job or actively seeking one.
Coupled with the unemployment rate remaining static at 3.7% this means long-sidelined workers are now re-entering the workforce. Non-taxpayers are becoming taxpayers again, lessening the burden on current taxpayers.
Trump’s magic wand also continues to produce manufacturing jobs, 32,000 last month alone.
Moreover, every sector of the economy is booming and every ethnic and gender group is benefitting. Wages are growing at 3.1%, a sorely needed boost just in time for the Christmas buying season. This is the first substantive real wage growth in more than a decade.
Meanwhile, Democrats are promising a return to the economic Dark Ages of the Obama administration by overturning every initiative – including your tax cuts – that made all of this job and wage growth possible.
On Tuesday, you get to decide whether to continue to forge forward or to return to the moribund days of the past.