U.S. Unemployment Rate Falls to 50-year Low

By Staff Reports

(Victor Valley)– American workers are thriving in today’s job market.The strong economy has created an environment where job opportunities are plenty and Americans are lifted out of poverty. The unemployment rate dropped to 3.5% in September, its lowest level in 50 years. We continue to see strong job growth as President Trump’s pro-growth policies drive an economic resurgence. More than 6.4 million jobs have been added since President Trump’s election. This is more jobs than the entire population of Maryland in 2018. Below are some recent economic and workforce development highlights:

  • On Oct. 8, President Donald J. Trump signed the U.S.-Japan Trade Agreement & U.S.-Japan Digital Trade Agreement. The two agreements being signed will help create jobs, expand investment, reduce our trade deficit, and promote fairness. https://ustr.gov/about-us/policy-offices/press-office/fact-sheets/2019/september/fact-sheet-us-japan-trade-agreement
  • On Oct. 1, HUD Secretary Ben Carson unveiled a new Opportunity Zone website to incentivize long-term investments in low-income communities nationwide. More than 8,760 communities in all 50 States, the District of Columbia, and 5 Territories have been designated as Opportunity Zones. More than 350 companies and trade associations have signed the White House Pledge to America’s Workers, contributing to over 14 million education and training opportunities for American students and workers over the next five years.
  • More than 350 companies and trade associations have signed the White House Pledge to America’s Workers, contributing to over 14 million education and training opportunities for American students and workers over the next five years. https://www.whitehouse.gov/pledge-to-americas-workers/
  • U.S. Secretary of Education Betsy Devos announced $123 million in new grant awards to 41 school districts, nonprofit organizations and state educational agencies as part of the Education Innovation and Research program.

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