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With a tax reform victory within reach, President Donald Trump on Wednesday was feeling even more optimistic about the outlook for U.S. economic growth.
Wildly optimistic, in fact, based on historical data.
At a Cabinet meeting Wednesday, Trump told reporters he's holding out for the prospect of U.S. gross domestic product more than doubling to a 6 percent annual growth rate.
Trump defies data with 6% GDP growth forecast
The latest update to the Trump Scoreboard tells what is beginning to be a familiar tale — good news on job creation and the stock market, and not so much on worker pay.
After the release of the November jobs report, the U.S. has added 1.7 million total jobs since Donald J. Trump took the oath of office. The median jobs growth of 208,000 per month is the strongest for a president since Trump’s wedding guest Bill Clinton was in office.
Trump Scoreboard shows 1.7 million new jobs created during presidency
Under Trump administration so far, monthly job creation has continued
U.S. job growth trumps expectations, hourly wages rise | New Hampshire
America's job market got back on its feet in October.
The U.S. economy rebounded from the hurricanes and added 261,000 jobs, the best performance of the Trump administration.
Unemployment inched down to 4.1%, the lowest since December 2000.
"This labor market is still really firing on all cylinders," says Scott Anderson, chief economist at Bank of the West in San Francisco.
U.S. unemployment drops to lowest in 17 years
The number of Americans receiving benefits from the Supplemental Nutrition Assistance Program (SNAP), commonly referred to as food stamps, continues to drop, according to the latest numbers released by the United States Department of Agriculture, which oversees the program.
As of July 7, 42.6 million Americans were receiving SNAP benefits during the current fiscal year, down from 44.2 million in 2016. The 2017 figure is the lowest since 2010, when 40.3 million people were on food stamps. The number peaked in 2013, at 47.6 million.
The number of people on food stamps is falling. Here's why
Food Stamp Usage Has Fallen Every Month of Trump Presidency - Breitbart
WASHINGTON — A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly.
While business leaders are eager for the tax cuts that take effect this year, the newfound confidence was initially inspired by the Trump administration’s regulatory pullback, not so much because deregulation is saving companies money but because the administration has instilled a faith in business executives that new regulations are not coming.
The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings
The unemployment rate, labor participation rate and overall employment for black Americans appears to be improving under President Donald Trump, according to the Bureau of Labor Statistics employment data.
The unemployment rate for black Americans has fallen one percentage point since July 2016, falling from 8.4 percent to 7.4 percent in July 2017. In the president’s first 7 months in office, the unemployment rate for said group dropped from 8.0 in March 2017 to 7.4 in July.
Black Employment Up, Up, Up Under Trump
ABC News
Black Unemployment Rate Under Trump is the Lowest it Has Been in 17 Years
Ivanka Trump says Hispanic unemployment is at its lowest rate ever. She's right.
The president's daughter, a senior White House adviser, flagged the statistic Friday morning shortly after the Labor Department released November unemployment numbers.
The Hispanic unemployment rate fell to 4.7% last month, down from 4.8%. Overall U.S. unemployment remained at 4.1%, a 17-year low. The Labor Department has unemployment data broken down by race and ethnicity dating back to 1973.
Hispanic unemployment at all-time low under Trump
The new law will create some financial benefit for the company,” Walmart said in its statement, saying it was “early in the process of assessing potential additional investments,” and that it would provide additional details next month when it announces quarterly earnings.
Since the passage of the Tax Cuts and Jobs Act, a number of companies announced employee bonuses, including NBC News' parent company Comcast, plus AT&T, JetBlue and a host of financial institutions including Bank of America and Wells Fargo.
Walmart CEO says Trump's tax plan allows the company to better compete
As we come up on President Trump’s first anniversary in office, we can look back on a year that has been tremendous for the US economy.
https://www.google.com/amp/s/nypost...ump-delivers-on-his-promise-to-americans/amp/
Trump economic advisor Gary Cohn: GOP tax reform will push the stock market even higher
Economic optimism soars, boosting Trump's approval rating
What are your thoughts?
(Let's hope we see more growth in our economy in the coming years)
Wildly optimistic, in fact, based on historical data.
At a Cabinet meeting Wednesday, Trump told reporters he's holding out for the prospect of U.S. gross domestic product more than doubling to a 6 percent annual growth rate.
Trump defies data with 6% GDP growth forecast
The latest update to the Trump Scoreboard tells what is beginning to be a familiar tale — good news on job creation and the stock market, and not so much on worker pay.
After the release of the November jobs report, the U.S. has added 1.7 million total jobs since Donald J. Trump took the oath of office. The median jobs growth of 208,000 per month is the strongest for a president since Trump’s wedding guest Bill Clinton was in office.
Trump Scoreboard shows 1.7 million new jobs created during presidency
Under Trump administration so far, monthly job creation has continued
U.S. job growth trumps expectations, hourly wages rise | New Hampshire
America's job market got back on its feet in October.
The U.S. economy rebounded from the hurricanes and added 261,000 jobs, the best performance of the Trump administration.
Unemployment inched down to 4.1%, the lowest since December 2000.
"This labor market is still really firing on all cylinders," says Scott Anderson, chief economist at Bank of the West in San Francisco.
U.S. unemployment drops to lowest in 17 years
The number of Americans receiving benefits from the Supplemental Nutrition Assistance Program (SNAP), commonly referred to as food stamps, continues to drop, according to the latest numbers released by the United States Department of Agriculture, which oversees the program.
As of July 7, 42.6 million Americans were receiving SNAP benefits during the current fiscal year, down from 44.2 million in 2016. The 2017 figure is the lowest since 2010, when 40.3 million people were on food stamps. The number peaked in 2013, at 47.6 million.
The number of people on food stamps is falling. Here's why
Food Stamp Usage Has Fallen Every Month of Trump Presidency - Breitbart
WASHINGTON — A wave of optimism has swept over American business leaders, and it is beginning to translate into the sort of investment in new plants, equipment and factory upgrades that bolsters economic growth, spurs job creation — and may finally raise wages significantly.
While business leaders are eager for the tax cuts that take effect this year, the newfound confidence was initially inspired by the Trump administration’s regulatory pullback, not so much because deregulation is saving companies money but because the administration has instilled a faith in business executives that new regulations are not coming.
The Trump Effect: Business, Anticipating Less Regulation, Loosens Purse Strings
The unemployment rate, labor participation rate and overall employment for black Americans appears to be improving under President Donald Trump, according to the Bureau of Labor Statistics employment data.
The unemployment rate for black Americans has fallen one percentage point since July 2016, falling from 8.4 percent to 7.4 percent in July 2017. In the president’s first 7 months in office, the unemployment rate for said group dropped from 8.0 in March 2017 to 7.4 in July.
Black Employment Up, Up, Up Under Trump
ABC News
Black Unemployment Rate Under Trump is the Lowest it Has Been in 17 Years
Ivanka Trump says Hispanic unemployment is at its lowest rate ever. She's right.
The president's daughter, a senior White House adviser, flagged the statistic Friday morning shortly after the Labor Department released November unemployment numbers.
The Hispanic unemployment rate fell to 4.7% last month, down from 4.8%. Overall U.S. unemployment remained at 4.1%, a 17-year low. The Labor Department has unemployment data broken down by race and ethnicity dating back to 1973.
Hispanic unemployment at all-time low under Trump
The new law will create some financial benefit for the company,” Walmart said in its statement, saying it was “early in the process of assessing potential additional investments,” and that it would provide additional details next month when it announces quarterly earnings.
Since the passage of the Tax Cuts and Jobs Act, a number of companies announced employee bonuses, including NBC News' parent company Comcast, plus AT&T, JetBlue and a host of financial institutions including Bank of America and Wells Fargo.
Walmart CEO says Trump's tax plan allows the company to better compete
As we come up on President Trump’s first anniversary in office, we can look back on a year that has been tremendous for the US economy.
https://www.google.com/amp/s/nypost...ump-delivers-on-his-promise-to-americans/amp/
Trump economic advisor Gary Cohn: GOP tax reform will push the stock market even higher
Economic optimism soars, boosting Trump's approval rating
What are your thoughts?
(Let's hope we see more growth in our economy in the coming years)
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