President Trump Ushers In American Renaissance As Job Numbers SURGE In October Against All Odds!
Restaurants, bars, and hotels are recording massive increase in hirings as Americans recover from hurricane season.
A newly-released Jobs Report has revealed that growth bounced back in October after a slowdown in September, driven by the impact of the hurricanes Irma and Harvey.
This is wonderful news for President Trump, and for Americans. Trump has said all along that his policy of deregulating at home while regulating trade would work to grow the job market.
More from The Guardian:
The US economy bounced back in October from a dramatic slump in hiring in the wake of two devastating hurricanes, the labor department announced on Friday.
The US added 261,000 new jobs and the unemployment rate ticked down to 4.1%.
In September the US shed 30,000 jobs – the first loss in seven years – as hurricanes Harvey and Irma held back hiring in Texas and Florida. The leisure and hospitality industry was hardest hit by the hurricanes in September, shedding 111,000 jobs.
Employment in food services and drinking places rose sharply in October – up 89,000 – following a decrease of 98,000 in September.
October’s figure was still lower than analysts had expected, perhaps reflecting the continued impact of the storms. September was the second month of disappointing growth in the US jobs market. The labor department had calculated that the US had added 169,000 new positions in August, below the 180,000 that had been expected by economists.