The jobless rate is now at 3.8%, it has not been this low since April 2000. The last time the unemployment rate was lower was 1969. May jobless showed that 220,000 jobs were added. This bodes well for the Americans traditionally left behind, high school dropouts, blacks and Latinos. The tight labor market is also driving up wages which is traditionally inflationary but the high tide is beginning to lift all boats. The labor field is extending to women as well, 3.6% is there unemployment rate.
It appears that Trumps policies are putting us in the right direction. At these numbers Democrats are running out of excuses. If the jobless rates keep going down, it is going to be a landslide in the midterms. People vote there wallet and the economy is humming right now. The North Korean talks could really push the envelope for the Republicans in November, coupled with at least one Supreme Court Justice in Trumps remaining two years. Kennedy will most likely drop out and Ginsberg looks like she is not to long for the judgeship.
Also on the agenda is that the infrastructure plan should be developed early next year, this will add even more jobs. It is starting to feel like 1999 again. If gas prices can come down, we could have the perfect storm in the economy, job growth, less inflation and people feeling good about things again. It would be welcome respite since we have not had anything like this since 1999, 2000 before we went into a funk and have not seen daylight since.