According to the Department of Labor, the US added 263,000 new hires in April, the unemployment rate fell to 3.6%, the lowest since 1969.
Average hourly earnings rose by 6 cents to $27.77. Over the year, average hourly earnings have increased by 3.2 percent. Inflation is running at 1.5 percent, so real average hourly earnings have gone up by 1.7 percent.
These numbers conflict with Obama's depressing job predictions in July 2016 during an Elkhart, Indiana townhall gathering. Speaking about the loss of manufacturing jobs that gave rise to the rustbelt, Obama said:
"Some of those jobs from the past are not just gonna come back."
Referring to President Trump's campaign promise to bring jobs back to the US. Obama said: "He's [Trump's] gonna bring all these jobs back? Well how is he gonna do that?"
"The answer is he [Trump] doesn't have an answer. There's no answer to it. What magic wand do you have?"
Someone's waved a wand across the US. Drudge described US economy as the "envy of the world!"