Democrats sure do enjoy raining on the parade that is the Trump economy. Joe Biden, who somehow remains the Democratic frontrunner, recently accused President Trump of “squandering” the Obama economy in recent years.
Squandering what, exactly? Under the Obama administration, America’s unemployment rate peaked at 10 percent—the highest figure since the early 1980s. Employers struggled to create jobs, while employees and job-seekers saw fewer opportunities in the private sector.
President Trump, to his credit, has described today’s U.S. economy as one of the strongest ever. In his words: “Wages are rising, incomes are soaring, and 2.5 million Americans have been lifted out of poverty in less than three years.”
So who’s right? Well, the numbers are in, and they tell the same story: The Trump economy is indeed soaring.
According to the Bureau of Labor Statistics’s latest jobs report, the U.S. economy added 128,000 jobs in October—exceeding initial estimates of 75,000. America’s unemployment rate (3.6 percent) remains one of the lowest in the last 50 years, while the total employment level reached a new high of 158.5 million people.