Economy Unexpectedly Adds Solid 40,000 Private Sector Jobs in October

If that number sounds a bit low, that's because we usually talk about quarterly jobs figures, while this is the number for a single month.

It's not stellar, but it's solid, and it's many more than the "expert consensus" predicted.

The United States job market did better than expected in October in terms of job growth, with over 40,000 new private sector jobs.

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It is important that these jobs were in the private sector, a marked contrast to the Biden administration's job market, when all the touted "job gains" were either in the federal government or going to immigrants.

In contrast, as of July, under the Trump administration, employment of American-born workers had reached a record high while jobs for foreigners declined. While legal immigrants can strengthen our economy, the decline in employment of U.S.-born men -- particularly blue collar workers -- was a serious Biden administration crisis which the Trump administration has corrected, partly by discouraging employment of illegal aliens.

Remember, the government is shut down which is causing economic disruption and decline. So 42,000 private sector jobs is a win.

posted by Ace at 03:53 PM

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