Trump overjoyed as US adds 250,000 jobs and increases wages by 3.1 percent ahead of midterms
US President Donald Trump tweeted 'Wow' after Labor Department's monthly jobs report painted a rosy picture of the economy less than a week before the midterm elections
President Donald Trump has a lot to be proud of after employers in the US added a staggering 250,000 jobs last month and the country witnessed the highest growth in average pay in nearly a decade. As the commander-in-chief tours the country to preserve Republican control of the House and Senate, American citizens are bound to be happy with his overall performance, Daily Mail reports.
The unemployment rate remained at a five-decade low of 3.7 percent, according to the Labor Department's monthly jobs report — the last major publication of economic data before Tuesday's midterm elections.
Average hourly earnings, a key metric that affects voters directly, also increased by 0.2 percent from September, resulting in a total annualized gain of 3.1 percent. Furthermore, unemployment remained at a 48 year low — basically since the start of recording such data.
The president celebrated the news on Twitter: "Wow! The US added 250,000 Jobs in October — and this was despite the hurricanes. Unemployment at 3.7%. Wages UP! These are incredible numbers. Keep it going, Vote Republican!"
The report comes as a major relief for the nationalist leader, who was disappointed after a couple of disturbing events had purportedly slowed down the "red wave". These included the synagogue shooting in Pittsburgh that claimed 11 lives as well as the barrage of pipe bomb mails sent to Democrats.
Addressing a swarming audience at a campaign rally Thursday night, Trump said: "Now, we did have two maniacs stop a momentum that was incredible. Because for 7 days, nobody talked about the elections. It stopped a tremendous momentum."
“More importantly, we have to take care of our people, and we don’t care about momentum when it comes to a disgrace like just happened to the country, but it did nevertheless stop a certain momentum," he added.
In his closing arguments for the mid-term elections, President Trump spoke largely about immigration, tweeting a campaign ad that blamed the Democrats for a convicted murderer and blasting the second immigrant caravan that is headed towards the US-Mexico border. The president said he will change asylum policy, end "birthright citizenship", and that he'll build tent cities to house those who make it to the southern border. He also rolled out a slogan that basically hits two birds with a single stone, reading "Jobs not Mobs" — a swipe that talks up job gains on one hand while making ideological attacks on Democrats on the other.
According to Daily Mail, the influx of new job seekers in October increased the proportion of Americans with jobs to its highest level since January 2009. In the past 18 years, consumers have never been so confident about spending freely, thus propelling rapid economic growth. Companies have been enabled to steadily add workers after the resulting strength in customer demand. While economists are predicting that the hiring rates will slow down as the pool of unemployed Americans swiftly shrinks, there's no sign of that happening anytime soon.