Stephen Moore of the Town Hall writes (abridged):
For middle class workers this is a blockbuster economy – maybe the best job market in any of our lifetimes.
The latest jobs report has seven million open jobs and only 6 million unemployed Americans.
Wages were up nearly 4% last year and the bigger paychecks are translating into more consumer spending.
Retail sales for stores like Target, Lowes and Home Depot continue to surge and these companies recently reported recorded earnings.
Airline sales and amusement park sales have hit all-time highs and hotel bookings are strong. People are spending and shopping because the Trump paycheck increased real take home pay for workers of all income levels.
President Trump’s pro-growth policies have created the most robust economy we’ve seen in decades, marked by the lowest unemployment rate since 1969, soaring markets,millions of new jobs, and the fastest wage growth in.
The results mean that workers are not only enjoying enhanced employment prospects in the Trump economy, but greater job security, as well.
Worker compensation also represents a larger share of production costs than it has since before.
President Trump’s America First economic policies have brought prosperity to Main Street, and liberals can’t stand it.
The Trump economy just continues to deliver undeniable benefits to Americans everywhere and for blacks, whites, Hispanics, men and women.
Steve Moore is an economist with Freedom Works and served as the economic advisor for the Donald J. Trump 2016 presidential campaign.
Latest posts by Richard C. Young (see all)
- America Should Not Back the Saudi Crown Prince - September 20, 2019
- The Road to Serfdom: Solutions for Today’s Problems - September 20, 2019
- How to Build 37% of Your Wealth in Just Ten Days - September 20, 2019