Justin Haskins, a research fellow at The Heartland Institute, writes in The Epoch Times: America’s economy continues to make remarkable progress. Asians, African Americans, Hispanics, and women all enjoyed historically low unemployment in 2019. America’s job numbers are stellar, which suggests strongly that President Trump will win a second term. In fact, an examination of modern American […]
Poverty Rate for Blacks and Hispanics Lowest on Record
Although last Friday’s employment report showed fewer new jobs and slowing wage gains, there is still good news. The big picture is that the longest hiring expansion in 80 years is lifting lower-income workers in particular, reports James Freeman in the WSJ. As accumulating evidence shows, the jobless rate remains steady at 3.5% (labor participation […]
Trump’s Jobs Market is Best in Decades
The jobs numbers for December were released today. Wall Street didn’t like the headline payrolls number because it came in a little bit light, but there is plenty of good news in the report for Main Street. For starters, unemployment remains near a record low. The headline unemployment rate is 3.5%. We haven’t had a […]
Private Opportunity is Better than Public Subsidy
You wouldn’t know it by listening to the arguments in any of the recent Democratic primary debates, but tax cuts, and smaller government in general, have been good for the American economy every time they’ve been tried. Daniel Henninger, writing at The Wall Street Journal, explains that like his forbears, Reagan and Coolidge, President Trump […]
Non-Farm Payroll Growth Strongest since January 2019
The Leading Economic Indicators were flat last month after a full quarter of monthly mini-declines. After a 0.1% pre-revision mini-decline in October, the Coincident Economic Indicators recorded a strong 0.4% pre-revision November. Meanwhile, the Dow has gained over 10,000 points since Trump’s election win. No way the economy is heading for recession at this juncture, […]
Trump Era Adds 10,000 Points to the Dow, and Counting
Fox Business’s Jonathan Garber reports that on Monday, the Dow Jones Industrial Average crossed 28,332.74, and therefore had climbed more than 10,000 points since Donald Trump was elected as the 45th President of the United States on November 8, 2016. That’s a 54% gain, excluding the Dow’s all-important dividends. He writes: The gains show why […]
Is “Massive” U.S.-U.K. Trade Deal Coming?
After Prime Minister Boris Johnson’s Tory Party won a landslide victory in the U.K.’s recent parliamentary election, President Trump tweeted congratulations to PM Johnson, and teased a deal that could be great for both countries. Congratulations to Boris Johnson on his great WIN! Britain and the United States will now be free to strike a […]
Thanks President Trump: Unemployment Rate Lowest in Half-Century
Only a crazy person would think of replacing a jobs-creating doer like President Trump with any of the job and IRA killing Democrats running against him. The WSJ reports that the jobless rate dipped to a 50 year low last month. They write (abridged): The U.S. job market strengthened in November, as hiring jumped and […]
Trump’s Tax Reform Makes America’s Competitiveness Great Again
Richard Rubin explains in the Wall Street Journal that as a result of President Trump’s 2017 tax reform bill, America went from being one of the least competitive countries in the world to one of the most competitive. He writes (abridged): WASHINGTON—President Trump’s 2017 tax cuts reduced the U.S. tax burden to one of the lowest […]
Trump Leads US Economy to Longest Expansion in History
No question. President Donald Trump must be reelected in 2020. Despite the hangover from one of the least successful and prepared presidents in history, President Trump has delivered to Americans exactly as promised. And 3rd-quarter GDP growth was just revised up to 2.1% from 1.9%. Fed Chairman Jerome Powell proclaimed, “Conditions are generally good.” And […]
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