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Posts Tagged ‘Trump Bump’
July 6th, 2018 at 1:17 pm
Latest Jobs Report: 600,000 Americans Come Off the Sidelines and Get In the Game
Posted by Print

Today brought yet another impressive U.S. employment report from the Labor Department, with an unexpectedly high 213,000 new jobs added in the month of June (versus the expected 195,000).

But the report includes a particularly impressive number after nearly a decade of people just giving up on working during the Obama era malaise.  Over 600,000 Americans decided that the market is so hot that they got off the sidelines and entered the game:

The increase in the unemployment rate came due to a rise in the labor force participation rate, which increased 0.2 percentage points to 62.9 percent as 601,000 people came off the sidelines and re-entered the labor force.”

Continuing the sports analogy, The Wall Street Journal notes that what we’re witnessing is a different kind of ballgame under the Trump Administration than the unprecedented economic sluggishness that characterized the Obama “expansion”:

Steady hiring and low unemployment shows the labor market continues to be an area of strength for the economy since the recession ended nine years ago.  What might be different now is that other aspects appear to be picking up steam.  Some economists project economic output rose at better than 4% annually in the second quarter for the first time since 2014.

Rising consumer spending, manufacturing output and exports are expected to have contributed to the gain, set to be officially reported later this month.  If sustained, that would be a turn from much of the expansion in which hiring has been consistent, but growth has been sluggish, holding near a 2% annual rate.  One explanation is wages.  Even though Americans were finding jobs, scant raises left them with little room in their budgets to step up spending.”

It’s amazing what an economic agenda of tax cuts and deregulation can do for an economic cycle that was supposedly on weary legs and amid an era of “secular stagnation” when solid growth was a thing of the past.

July 2nd, 2018 at 10:10 am
Image of the Day: New Record High Positive Outlook for U.S. Manufacturers
Posted by Print

And the good economic news just keeps on coming.   American manufacturing companies report a new record high positive outlook in the continuing wake of tax reform and deregulation.  Note the immediate uptick beginning at the very end of 2016:

Record Positivity Among U.S. Manufacturing Companies

Record Positivity Among U.S. Manufacturing Companies

June 11th, 2018 at 12:40 pm
Image of the Day: Available Jobs Outnumber Unemployed for First Time Ever
Posted by Print

In our latest Liberty Update, we note how the U.S. has quickly reclaimed its position as the world’s most competitive economy under President Trump after slipping under Barack Obama.  This image vividly illustrates one point we highlight – that for the first time ever, the number of job openings exceeds the number of unemployed Americans in the workforce to fill them:

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Jobs, Jobs, Jobs

Jobs, Jobs, Jobs

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April 18th, 2018 at 9:52 am
Image of the Day: Job Growth Estimate Boosted
Posted by Print

So after just one year of tax-cutting and deregulation under the Trump Administration, the Congressional Budget Office (CBO) has revised its estimate of job growth over the next decade upward by over 2.5 million new jobs.  As they say in the legal field, “res ipsa loquitur” – “the fact speaks for itself.”

Upward Job Growth Estimate

Upward Job Growth Estimate

January 4th, 2018 at 9:42 am
Image of the Day: Gallup Illustrates Trump Economic Bump
Posted by Print

In our weekly Liberty Update, we highlight how in just one year, the deregulatory Trump economic bump is now so inescapable that even The New York Times acknowledged it in its January 1, 2018 edition.  Given that consumer spending accounts for approximately two-thirds of the U.S. economy, Gallup’s annual average U.S. economic confidence index is similarly illustrative.  For 2016, despite years of supposed prosperity under Barack Obama, the index stagnated at -10.  In just one year since Trump’s deregulatory and lower-tax administration began?  Already +6 for the year, the first time in over a decade:

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Instant Trump Bump

Instant Trump Bump

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