The U.S. economy under President Trump is flourishing, as the new October jobs report shows that despite the General Motors autoworkers strike, nonfarm payrolls rose by 128,000, far more than Dow Jones had predicted prior to October. The rise came in the face of 42,000 jobs lost in the motor vehicles and parts industry.
Additionally, as CNBC noted, “August’s initial 168,000 payrolls addition was revised up to 219,000, while September’s jumped from 136,000 to 180,000 … The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain.”
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