The April jobs report had some good news for the country and the President.
Jobs increased, and the unemployment rate dropped to 4.4 percent, the lowest rate since 2007.
At the same time, the number of people who had dropped out of the job market also fell by 281,000 which is positive news. According to CNS News, the gains were spread across a number of sectors.
The primary gains in jobs came from leisure and hospitality (55,000 jobs), health care and social assistance (37,000 jobs), financial activities and insurance carriers (33,000 jobs), and mining/support for mining—which includes the oil and coal industries (15,000 jobs).
Since Donald Trump was elected nearly 50,000 jobs have been added in the mining sector.
Combined with the record levels of the stock market and the strength of the dollar, it’s hard to deny that the election of Donald Trump has been good for the American economy.