The Bureau of Labor Statistics recently announced another historic month of job growth as the economy added 1.4 million jobs in August. It was the fourth-best month of job growth on record dating back to 1939 (and likely ever), beaten out only by the preceding three months.
As a result, the country’s unemployment rate dropped to 8.4 percent from its post-pandemic high of 14.7 percent. Recall that in April the Congressional Budget Office forecast a 16 percent unemployment rate for the third quarter.
By historical measures — by any measure, really — this is a remarkable resurgence. Based on recent data, the Federal Reserve Bank of Atlanta’s GDPNow forecasting model increased its prediction for third-quarter GDP growth to 30.8 percent. That would be the highest number on record dating back to 1947 (and, again, likely ever).
thefederalist.com
As a result, the country’s unemployment rate dropped to 8.4 percent from its post-pandemic high of 14.7 percent. Recall that in April the Congressional Budget Office forecast a 16 percent unemployment rate for the third quarter.
By historical measures — by any measure, really — this is a remarkable resurgence. Based on recent data, the Federal Reserve Bank of Atlanta’s GDPNow forecasting model increased its prediction for third-quarter GDP growth to 30.8 percent. That would be the highest number on record dating back to 1947 (and, again, likely ever).
Media Pushes Gossip To Hide Trump’s Amazing Achievements
With the most dynamic economic comeback in US history and unprecedented progress towards peace in the Middle East, what did the media establishment cover?
thefederalist.com