The U.S. economy added a total of 661,000 jobs in September. The unemployment rate also fell to 7.9%, crushing the 8.2% rate that many had projected. The U.S. economy has now added nearly 11 million jobs over the last 5 months, a record no previous administration has accomplished.
Back in October of 2012, former President Barack Obama campaigned on the fact that the unemployment rate had fallen below 8% for the first time in his administration. His campaign was successful, and the economy was key to his re-election. President Trump is now able to utilize the same arguments as the former President, as well as utilize his record-breaking grassroots campaign of over 2 million volunteers to hopefully re-elect him next month. For reference purposes, prior to lockdowns and subsequent influxes in job losses due to COVID-19, the U.S. unemployment rate was at a 50 year low of 3.5%.
While the economy may be roaring back, negotiations are still underway for a second stimulus package. Nancy Pelosi and her Democrat colleagues have been previously unwilling to work with President Trump and Republicans to reach a deal. In the meantime, President Trump has signed multiple executive orders aimed at providing unemployed Americans with relief. The CDC has also temporarily banned evictions.