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President Donald Trump: America’s Job Creating Champion

September 6, 2018 By The Editors

The number of initial jobless claims recorded last week was the lowest in 49 years. President Donald Trump is America’s job creating champion today.

Reuters’ Lucia Mutikani reports:

  • The number of Americans filing new claims for unemployment aid fell to near a 49-year low last week and private payrolls rose steadily in August
  • According to a Reuters survey of economists, nonfarm payrolls likely increased by 191,000 jobs in August, which would be an acceleration from the 157,000 jobs created in July.
  • The unemployment rate is forecast slipping one-tenth of a percentage point to 3.8 percent, revisiting an 18-year low touched in May.
  • The economy grew at a 4.2 percent annualized rate in the second quarter, the fastest in nearly four years.
  • The economy’s vibrancy was underscored by a report on Thursday from the Institute for Supply Management (ISM) showing its non-manufacturing activity index increased 2.8 points to 58.5 last month.
  • A report from the Labor Department showed nonfarm productivity, which measures hourly output per worker, increased at an unrevised 2.9 percent annualized rate in the April-June quarter. That was the strongest pace since the first quarter of 2015.

Read more here.

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