U.S. Unemployment Rate His 49 Year Low; Wages Rise!

by
Julio Gonzalez, M.D., J.D.
 
The Labor Department released its unemployment statisticsfor September Friday, and the numbers are still resoundingly playing in favor of President Donald Trump and his economic policies.
 
In September, the job market added 134,000 jobs bringing the unemployment rate down to 3.7%, the lowest level since 1969. In an added boost for the Trump economic agenda, wages are up 2.8% compared to this time last year signaling that the lagging wage numbers for which the President's policies had been criticized may be working.  The uptick appears to be led by an increase in nonfarm wage increases
 
Of course, The New York Times, in its headlinewas quick to ascribe the accomplishment to eight years of job growth.  The Wall Street Journalwas more celebratory with its headline touting the lowest unemployment rate since 1969.
 
 
Dr. Julio Gonzalez is an orthopaedic surgeon and lawyer living in Venice, Florida. He is the author of The Federalist Pages and serves in the Florida House of Representatives. He can be reached through www.thefederalistpages.comto arrange a lecture or book signing.