Speaker of the House Nancy Pelosi, D-Calif., makes a statement at the Capitol in Washington, Thursday, Dec. 5, 2019. Pelosi announced that the House is moving forward to draft articles of impeachment against President Donald Trump. (AP Photo/J. Scott Applewhite)
The new jobs numbers are out and they are pretty staggering. My colleague T.LaDuke Duke did a full write-up about the figures and how it’s great news for Americans.
All told, the U.S. economy added a whopping 265,000+ new jobs. The unemployment rate is sitting at 3.5%, which is typically considered full employment (we are in the orange man bad era though, so old rules may not apply).
Here’s the numbers.
The United States added 266,000 jobs in November as the jobless rate decreased to 3.5 percent, reflecting a surge of strength in the labor market that has muscled through recession fears that flared over the summer.
The data, released by the Bureau of Labor Statistics, beat expectations. Analysts had forecast roughly 180,000 new jobs for the month. The 3.5 percent unemployment rate is back at a 50-year low.
Of course this report “beat” expectations by nearly 100k jobs because the experts that judge this stuff generally stink at their jobs. You could quite literally have a monkey throwing darts at a board of numbers and probably come close to whatever “projected” jobs numbers these other outfits routinely come up with.
CNBC rightly points out that all Democrats have is impeachment at this point. There’s no chance they want to actually talk about the robust economy and booming jobs numbers.
But seriously, let’s impeach a President for vague accusations of abuse of power, in which there’s no crime spelled out and no actual proof any wrongdoing took place (no matter how many assumptions others want to make). Makes sense, right?
If impeachment wasn’t already dead, these new jobs numbers only further complicate matters for Democrats. At the end of the day, people care much less about tweets and inside baseball than they do having more money in their pockets. Wage growth continues apace, unemployment is bottoming out, and the economy as a whole is growing a steady pace.
Trying to remove Trump in this environment plays right into his hands. Perhaps Democrats are really just too clueless to realist that, and that’s a good thing for the country.
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