ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: (Pub. Since July, 2006)
    Home Page

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, May 03, 2019

Lowest Unemployment In 50 Years

No Denying This Is A Strong Jobs Report’: ‘U.S. Labor Market Is Still Red-Hot,’ ‘The Unemployment Rate Fell To A Fresh Half-Century Low,’ There Are ‘Real Gains In The Paychecks Of Average Workers’

SENATE MAJORITY LEADER MITCH McCONNELL: (R-KY): “The last two years have been a case study in how much American families benefit when Republican policies get the government out of the way. Helped along by tax reform, regulatory reform, and other efforts, the country is seeing historically low unemployment, faster wage growth — more opportunities for more families to get ahead and build their lives.” (Sen. McConnell, Remarks, 5/02/2019)

‘The U.S. Jobs Machine Kept Humming Along In April’ ‘And The Unemployment Rate Fell To A Fresh Half-Century Low, Adding To Signs Of A Healthy U.S. Economy’

“American employers picked up the pace of hiring in April and the unemployment rate fell to a fresh half-century low, adding to signs of a healthy U.S. economy.” (“U.S. Hiring Jumped in April; Unemployment Falls to 3.6%,” The Wall Street Journal, 5/03/2019)
“The United States has more job openings than unemployed people, a situation some economists call ‘full employment’ since most job seekers are able to land a job. Hispanic unemployment dropped to 4.2 percent, a record low since the Labor Department started measuring it in the 1970s.” (“U.S. Unemployment Fell To 3.6 Percent, Lowest Since 1969,” The Washington Post, 5/03/2019)
“‘The job market looks good on about any measure,’ said Matthew Luzzetti, chief U.S. economist at Deutsche Bank.” (“U.S. Unemployment Fell To 3.6 Percent, Lowest Since 1969,” The Washington Post, 5/03/2019)

‘Real Gains In The Paychecks Of Average Workers’

“Indications of strength of the labor market could be found throughout the report. The average hourly wage was up 3.2% compared to a year ago, well above the 1.9% rise in prices, meaning real gains in the paychecks of average workers.” (“US Economy Has Added Jobs For 103 Straight Months. Unemployment Rate Falls To 3.6%,” CNN, 5/03/2019)
‘Torrent Of Job Offers, Bigger Salaries Offer More Proof U.S. Labor Market Is Still Red-Hot’
“Americans still think plenty of jobs are available and companies are offering better pay as they compete for a shrinking pool of available labor, new study by the New York Federal Reserve shows. The Fed study is the latest proof the jobs market continues to sizzle.” (“Torrent Of Job Offers, Bigger Salaries Offer More Proof U.S. Labor Market Is Still Red-Hot,” MarketWatch, 4/16/2019)
‘The U.S. Economy Started 2019 With A Pop, Growing Rapidly’ With 3.2% GDP Growth In The First Quarter
“The U.S. economy started 2019 with a pop, growing rapidly despite multiple headwinds … Gross domestic product—the value of all goods and services produced in the U.S., adjusted for inflation and seasonality—rose at a 3.2% annual rate from January through March, the strongest rate of first-quarter growth in four years, the Commerce Department reported …” (“U.S. Economy Grew at 3.2% Rate in First Quarter,” The Wall Street Journal, 4/26/2019)
  • “‘The economy is in a sweet spot for now with not enough inflation to cause the Fed to raise rates, and with inflation not low enough to worry Fed officials that economic demand is weakening, which could require rate cuts,’ said Chris Rupkey, chief economist at MUFG in New York.”
(“U.S. Consumer Spending Roars Back, But Inflation Tame,” Reuters, 4/29/2019)
Other Key Economic Indicators Show Americans ‘Feeling Confident About Their Economic Prospects,’ ‘Laying Groundwork For Stronger Wage Growth And Continued Economic Expansion’
“U.S. consumers picked up their spending in February and March, a sign that households were feeling confident about their economic prospects.” (“U.S. Consumer Spending Rises in February, March,” The Wall Street Journal, 4/29/2019)
“U.S. workers’ efficiency improved during the past year at the best pace in nearly a decade, laying groundwork for stronger wage growth and continued economic expansion. The productivity of nonfarm workers, measured as the output of goods and services for each hour on the job, increased at a 3.6% seasonally adjusted annual rate in the first quarter from the prior three months, the Labor Department said Thursday. From a year earlier, productivity rose 2.4%. That was the best gain year-over-year since the third quarter of 2010, when the economy was just emerging from a deep recession.” (“U.S. Worker Productivity Advances at Best Rate Since 2010,” The Wall Street Journal, 5/02/2019)
“The recent gains could be a sign that an uptick in investment following tax-law changes passed in 2017 means businesses are spending on the technology and tools necessary to increase output…. ‘The machines people bought last year, they are turning them on this year,’ Kevin Hassett, chairman of the White House Council of Economic Advisers, said last week.” (“U.S. Worker Productivity Advances at Best Rate Since 2010,” The Wall Street Journal, 5/02/2019)
‘[T]he U.S. Economy Is Remarkably Resilient When Government Doesn’t Get In The Way’
THE WALL STREET JOURNAL EDITORS: “[T]he U.S. economy is remarkably resilient when government doesn’t get in the way.” (Editorial, “The Tide Keeps Rising,” The Wall Street Journal, 4/26/2019)

Tags: Lowest Unemployment, In 50 Years To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service and "Like" Facebook Page - Thanks!
Posted by Bill Smith at 3:55 PM - Post Link


Post a Comment

<< Home

View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More

Also, Join & leave conservative posts & comments on

Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators

Facebook Accts - Dr. Bill Smith
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.


Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts

Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11

FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger

  • To Exchange Links - Email:!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.