Thanks to Donald Trump’s business savvy, tax cuts, and economy plan the unemployment rate dropped to the lowest point since 1969. The unemployment rate is 3.7 percent, which is two-thirds less than unemployment was under Obama.
Analysts expected the economy would add 182,000 jobs in September, and only expected the unemployment rate to tick down to 3.8 percent. Instead, we were rewarded with a lower 3.7 percent. In August the unemployment rate was a healthy 3.9 percent.
Wages increased by 0.3 percent in September, taking the 12-month wage growth to 2.8 percent.
The number of Americans who were active in the workforce was also steady, with the labor participation rate coming in at 62.7 percent which is healthy.
Manufacturing, construction and health care sectors added jobs in September. The yield on the 10-year U.S. Treasury note climbed following the jobs report, and was hovering around a 7-year high.