As we move out of the Obama Administration, let's place a mark here with the November Jobs report and unemployment rate.
We will wager these numbers won't get any better under the Trump Administration.
Steve Benen for MSNBC wrote:
The Bureau of Labor Statistics reported this morning that the U.S. economy added 178,000 jobs in November. The unemployment rate, meanwhile, continues to improve, dropping from 4.9% to 4.6%. It’s the 14th consecutive month the rate has been at 5% or lower – and the lowest jobless rate Americans have seen since August 2007.
As for the revisions: September’s job totals were revised up, from 191,000 to 208,000, while October’s were revised down, from 161,000 to 142,000. Combined, that’s a net loss of 2,000.
Over the last 12 months, the overall economy has created 2.25 million new jobs, which is a pretty healthy number. And with one month remaining in 2016, the U.S. remains on track to create over 2 million new jobs this calendar year. What’s more, November was the 74th consecutive month of positive job growth, which is the longest on record.