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(Daily Torch) Amidst all of the focus on the partial government shutdown and the national security and humanitarian crisis at the border, the fact that President Trump has now been in office for a full two years cannot be lost, and quite a two years it has been.
President Trump inherited an economy with low unemployment, but one where many Americans had been left behind with stagnant wages, manufacturing jobs off-shored, and a genuine lost hope for much of middle America. Into this, the previous president declared that it would take a magic wand to bring those job back.
Months - Jobs - Total - Jobs - Unemployment
Twenty four months later, more than 500,000 new manufacturing jobs have been created out of a total of 4.8 million new jobs nationwide. The unemployment rate has been below 4 percent for eight out of the last twelve months. To understand the significance of this, prior to 2018, the unemployment rate had fallen below 4 percent only five times since 1970. That’s right, if you are 38 years old, the unemployment rate has been below 4 percent more in the past year than in the entire rest of your lifetime.
The ability to get a job has reached across racial boundaries. African American, Asian and Hispanic unemployment reached the lowest rates on record in the past year, and real wages have been increasing as the amount workers are paid has exceeded the inflation rate in 2018 meaning people are getting ahead rather than just fighting to stay even.
Outcome - Americans - Food - Stamps - Standards
One real outcome is that 4.6 million fewer Americans are dependent upon food stamps. Not because standards have become more stringent, but because they are wealthier and more able to care for their own family’s needs.
This is the dignity and hope created by a job and the rising tide which lifts all boats in the Trump economy....
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