UPDATE: 9.14.20: Joe Biden was the VP of an administration that delivered only lackluster growth to the American economy, despite unprecedented monetary and fiscal stimulus. Business sentiment was terrible until Donald Trump was elected on a promise to lower taxes and reduce regulation. The President did just that, and drove the economy to its lowest unemployment rates in half a century. No way do Americans want to rehire the team that couldn’t get the economy going after the last recession to manage it after the unforeseeable COVID-19 recession.
UPDATE 8.26.20: While Democrats were urging Americans to crowd together for the Chinese New Year parades, and discouraging mask use, Donald Trump was shutting down air traffic from China, and preparing America for the Wuhan virus that was approaching. Before that, Trump was engineering America’s lowest unemployment rate in almost 50 years.
Originally posted May 6, 2019.
According to the Labor Department, the American economy added 263,000 jobs in April, driving the unemployment rate 3.6%, the lowest level since December 1969. The Wall Street Journal reports on this economic progress:
The jobs report was largely better than expected. Economists surveyed by The Wall Street Journal had projected a slower pace of hiring and for the unemployment rate to hold steady at 3.8%. Job growth in the prior two months also was better than previously reported.
The long jobs expansion is increasingly reaching Americans at the margins. Wage gains have strengthened in recent years, especially for workers earning the smallest paychecks, and unemployment has fallen for those who have historically struggled, including people with lower levels of education.
Read more here.