By Printus LeBlanc
As the left attempts to turn over the U.S. economy to the Venezuelan wing of the Democrat Party, the Trump economy continues to gain steam. The tax cuts combined with regulation rollbacks have unleashed an economy the left spent eight years telling everyone couldn’t happen. As the recent jobs report shows, people are finding work and putting more money in their pocket, why are they complaining about that?
The economic news for the country was not just good; it was fantastic. The Bureau of Labor Statistics reported the economy added 213,000 jobs in June, 18,000 more than anticipated. The unemployment rate ticked up to 4.0 percent from 3.8 percent, but for once an increasing unemployment rate is good news.
Labor force participation increased by a whopping 601,000, causing the uptick in the rate to 62.9 percent. The unemployment rate went up because people that were not participating in the economy came back into the workforce and sought jobs. These are people that gave up looking for jobs, or they were out of work for so long, they fell off the rolls. That is the sign of a good economy, people that were previously forgotten, came back into the fold.
This isn’t just an economy for the one percent as the media and left want people to believe, it is an economy for anyone that wants to work, regardless of race, much to the disappointment of the left. Hispanic unemployment is now the lowest it has ever been since records began, at an all-time low of 4.6 percent. Black unemployment is also at a record lows, both numbers most thought unachievable.
During the previous administration, President Obama famously said, “Some jobs of the past are just not gonna come back,” meaning much of the manufacturing industry. The left and the media refused to accept responsibility for the big government actions that sent the jobs away in the first place. When President Trump came into office, he promised to change that, and he has.
In June, the manufacturing industry added 36,000 jobs bring the total over the last year to over 280,000 new manufacturing jobs the elites said were gone for good. The BLS stated, “Durable goods manufacturing accounted for nearly all of the increase, including job gains in fabricated metal products (+7,000), computer and electronic products (+5,000), and primary metals (+3,000). Motor vehicles and parts also added jobs over the month (+12,000)…”
The left has nowhere to go with the great numbers, so they just lie. DNC Chair Tom Perez, who earlier this week said a socialist was the future of the Democrat Party, released a statement about the outstanding economic news but decided to complain about stagnating wage growth while ignoring the data. Private nonfarm payrolls rose by 5 cents in June, bringing the total to 72 cents or 2.7 percent for the year. This is well above the expected inflation level of 1.9 percent. People having more money to spend and save is apparently not optimal for Perez.
Americans for Limited Government President Rick Manning was also excited about the job numbers stating, “And the good news is even more apparent as the job growth has occurred in the higher paying areas of manufacturing, mining, construction and health care, while retail has taken a slight dip. These new jobs are not burger flipper positions, but ones that people can make careers out of, and that is the ultimate test of whether our nation’s economic vitality will continue to accelerate.”
While the economy is booming, the left is fighting ICE as the agency busts child sex trafficking rings, pushes for open borders because they need votes, and wants to kill the newly gained jobs with regulations.
Tom Perez and Nancy Pelosi are right to be worried. All they have is hate and discontent, while President Trump has people back to work with wages increasing. James Carville once said, “It’s the economy stupid,” he was right then, and he is right now. People are looking in their wallets, and they are finding more money. In November, the electorate will decide if they are happy with more money in their pockets, or they want the less. Doesn’t seem like a hard choice.
Printus LeBlanc is a contributing editor at Americans for Limited Government.
Correction: The unemployment rate increased to 4.0 percent from 3.8 percent. Also, the civilian labor force increased by 601,000 not 164,000.
