Delivering on his promises, President Trump put the economy first. The American economy produced over 1 million new jobs since Trump stepped into office. America was just made that much greater.
Defying expectations that job creation would slump this year, America has added more than 200,000 jobs in four out of Trump’s six months in office. That brought the total number of jobs created since the start of February to 1.07 million. On average, the economy created 179,000 jobs in each of the first six months of Trump’s presidency.
Many economists thought that job creation would slow this year after jobs surged in the final two years of the Obama administration. Falling unemployment and an aging population were expected to slow down monthly payroll growth to between 125,00 to 150,000 on average.
The unemployment rate has fallen to 4.3 percent, a level that many economists consider near full employment. Wages, however, have not risen by as much as most economists would expect if the economy were operating at full employment. That suggests there may be more room for improvement.
The Trump administration is keeping the ball rolling with regulatory reform as well as tax cuts, both would induce further job creation and improve the overall health of the economy. The future of the American economy looks promising with this forward momentum.
The GOP tweeted this to celebrate this hopeful achievement:
— GOP (@GOP) August 4, 2017