Despite concerns about slower growth around the world and the impact of tariffs and trade fights involving the U.S., the American economy added 136,000 jobs in September, as the jobless rate dropped to 3.5 percent, the lowest point since December of 1969.
The last time the economy registered monthly job losses was back in September of 2010 - as the economic gains which started in the Obama Administration have continued on under President Donald Trump.
Of the 136,000 jobs added in September, 22,000 of them came from hiring by government, as the Labor Department reported it was mostly local and state governments adding workers.
"Our economy is booming," President Trump said on Thursday during a stop in Florida. "We're doing fantastically well."
Breaking News: Unemployment Rate, at 3.5%, drops to a 50 YEAR LOW. Wow America, lets impeach your President (even though he did nothing wrong!).— Donald J. Trump (@realDonaldTrump) October 4, 2019
The U6 rate - considered the broadest measure of unemployment - fell to 6.9 percent in September. pic.twitter.com/lmcL7NLocN— Jamie Dupree (@jamiedupree) October 4, 2019
BIG NEWS ➡️ The unemployment rate dropped to 3.5%—a new 50 YEAR low! 🇺🇸⚙️💪— Steve Scalise (@SteveScalise) October 4, 2019
While Democrats are obsessed with impeachment, @realDonaldTrump is working hard and actually getting things done for the American people. https://t.co/CE3DPBaHuV
Republicans in Congress quickly celebrated the new jobs numbers, as the GOP rebuked Democrats for focusing on impeachment.
“Great economic news because of President Trump’s leadership!” said Rep. Mike Rogers (R-AL).
“Unemployment has reached a 50 year low! We will keep focused on growing our economy and creating opportunity!” tweeted Rep. Tom Rice (R-SC).