According to the September Jobs Report released this morning by the Bureau of Labor Statistics, President Trump added 661,000 jobs to the economy in September, as the unemployment rate stood at 7.9%.
The unemployment rate fell to 7.9 percent in September as the U.S. posted its fifth consecutive month of job gains after the onset of the coronavirus pandemic triggered the deepest and quickest economic contraction since the Great Depression.
The report, however, came in well below the projections of economists as the Democrat-run states continue their fight against reopening schools, and businesses.
September marked the fourth consecutive month of job gains after additions of 4.7 million in June, 1.7 million in July, and 1.5 million in August, according to revised figures released Friday.
Black Unemployment rate DROPS again. That is 5 consecutive months of decline because the inclusive @realDonaldTrump economy is working for Black Americans!
⬇️ May: 16.8%
⬇️ June: 15.4%
⬇️ July: 14.6%
⬇️ Aug: 13%
⬇️ Sept: 12.1%
— PARIS (@PARISDENNARD) October 2, 2020
As usual, Democrats and their mainstream media cohorts spun the 5th largest monthly job increase in American history as bad news.
Curt Long, chief economist at the National Association of Federally Insured Credit Unions (NAFCU).
“The September jobs report was a troubling one, as job growth fell below expectations and thousands left the workforce.
The ranks of the unemployed continue to tilt away from temporary layoffs and toward permanent ones.”
The U.S. economy gained 661,000 jobs in September, as the economic recovery slowed https://t.co/ZpzlpLzQph SPEEDY RECOVERY IS WISHING
— rajan adigal (@RajanAdigal) October 2, 2020
The report comes less than five weeks before Election Day, as voters decide whether to let President Trump continue to fix an economy that he had running on all cylinders at the start of 2020, but was ground to a halt by the worldwide coronavirus pandemic.