Trump economy continues to expand bringing unemployment to 50 year low

Washington Examiner:

U.S. payrolls grew by 263,000 in April, driving the unemployment rate to a 50-year low.

Gains included the addition of 12,500 federal government employees, 13,900 new professional and technical positions and 4,000 manufacturing posts, the U.S. Labor Department said Friday. The expansion easily outpaced the average estimate of 181,000 from economists surveyed by FactSet.

Michael Gapen, an economist with British lender Barclays Plc, had predicted gains of 200,000, while Ellen Zentner, an economist with New York-based investment bank Morgan Stanley, had said employers might add as many as 233,000 workers, fueled partly by early hiring for the 2020 census. In April 2009, a year before the last census, federal government payrolls expanded by 125,000, she noted.

"As members of the college graduating classes of 2019 prepare to don caps and gowns, the employment outlook is one of the best in years," said Mark Hamrick, senior economic analyst for Bankrate.com. "According to the National Association of Colleges and Employers, firms plan to hire nearly 11% more class of ’19 graduates compared to ’18."

Joblessness of 3.6% was the lowest since 1969, surpassing a previous bottom of 3.7% in November and bolstering President Trump as the 2020 race draws closer and Democratic rivals criticize his immigration policies and protectionist trade moves. The president has made U.S. economic a growth a priority, and political analysts have said his success in the labor market is a pivotal asset in his reelection bid.
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The Democrats and their media cohorts will try to ignore this good news, but voters are unlikely to be fooled.  The US economy continues to exceed expectations.