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Economy surprises with 178,000 new jobs, but analysis says it gets even better * WorldNetDaily * by Bob Unruh

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The Bureau of Labor Statistics announced on Friday the U.S. economy added 178,000 jobs in March and the unemployment rate fell to 4.3%, better than expected.

Predictions had guessed that unemployment would stay at 4.4% and job growth would be only 65,000.

The numbers were “way better than expected,” according to Dan North, of Allianz Trade Americas, in an interview with the Washington Examiner.

“I think we’ve seen a trend of … losing jobs in five of the last nine months, and the three-month average kind of really sinking, so this is a big change.”

But an analysis of the economy by Joseph Lawler, a policy editor at the Examiner, said the situation is even better than it looks.

“The United States does not need as much job creation as it has in years past, thanks in large part to the crackdown on illegal immigration, meaning that recent job growth is stronger than it might seem at first,” he explained. “Employers don’t need to add payroll jobs to prevent unemployment from trending up. The economy may even be able to lose some jobs each month and still keep treading water.”

He said, ‘That means that the recent pace of job growth, 68,000 on average over the past three months, is more than enough to stave off recession. In other words, Friday’s job report is better than it looks at first glance. ”

He said there are several factors, including that Baby Boomers are retiring and leaving the work force, meaning “they don’t need jobs.”

“Even more important to the jobs outlook, though, is President Donald Trump’s closing of the southern border and ramped-up immigration law enforcement. Those policies have stopped many migrants from coming to the U.S., and they have led others to leave. As a result, on net, more migrants appear to be leaving the U.S. than entering, a major reversal from years past.”

He said experts estimate because of the fact that more immigrants are leaving than are arriving, they think “the U.S. can lose 3,000 jobs a month and still have unemployment stay steady or trend down.”

The Examiner’s report explained the jobs report shows “that job growth has been relatively strong to start the year, which could help President Donald Trump raise his poor economic approval ratings.”

Further, the employment growth has been undermined by federal government layoffs recently and actually, “Private-sector job growth has been stronger.” Federal government employment dropped by 189,000 in March, following months of declines.

The total is down by 352,000 since President Trump took office.

And, “Fewer jobs are being created in large part because fewer people are in the country looking for jobs.”

 

Bob Unruh

Bob Unruh joined WND in 2006 after nearly three decades with the Associated Press, as well as several Upper Midwest newspapers, where he covered everything from legislative battles and sports to tornadoes and homicidal survivalists. He is currently a news editor for the WND News Center, and also a photographer whose scenic work has been used commercially. Read more of Bob Unruh’s articles here.