More positive news! More jobs for the middle class and wages going up! Awesome!!
https://www.dailywire.com/news/37905/boost-gop-great-october-jobs-report-hank-berrien
The Wall Street Journal noted:
Among people ages 25 to 54, when decisions about school or retirement are less likely to influence whether people are in the work force, 82.3% are participating in the labor force and 79.7% have jobs. Both figures are now at their highest levels since the recession and its immediate aftermath.
Fox Business noted, “Businesses are advertising for a record number of job openings and several companies, including Amazon and Walmart, have hiked their minimum wages in a bid to lure and retain employees …"
Business Insider pointed out that the report should help the GOP on Tuesday: “Overall the jobs report reflected the tightest labor market in several years, one putting pressure on employers to raise worker pay. It bolsters the Trump administration's talking point on the economy just days before Tuesday's midterm elections amid a record streak of monthly hiring gains in the U.S.”
BLS reported that Hurricane Michael, which made landfall in the Florida Panhandle on October 10, 2018, “had no discernible effect on the national employment and unemployment estimates for October."
Thomas Simons, senior money market economist at Jefferies LLC, stated, “As has been the case for a while now, there really aren’t any holes to poke in these numbers.”
MarketWatch concluded, “The strongest labor market in decades is powering a U.S. economy that’s likely to set a record for the longest expansion ever by next year … For now there’s little about the economy about which to complain.”