The Trump Economy (Condensed Version)

With indicators up in virtually all areas of applicable measurement, we are fortunate to be experiencing a very solid economy, across the board.

Beating projections, 250,000 workers in America were added to employer payrolls in October.  Within that stout number of new hires, 32,000 manufacturing jobs were created last month. Doing the math for highlight, that means, on average, over 1,000 manufacturing jobs were added each day in October.  And this despite recent metals tariffs, which have yet to affect the hiring momentum in this sector.  Year to date, a total of 296,000 manufacturing jobs have been added.

Equally impressive to the hiring strength throughout recent months, as would be expected, the unemployment rate in America has hit a low of 3.7%, the best number in many, many years, decades actually.  African-American employment is close to that segment’s all-time low.  Hispanic employment now is at its historic low.  And Asian employment in our country is actually below the 3.7% composite.  Said the President: “More Americans are working now than at any time in the history of our country.”

And consumer sentiment, citizens feelings about our economy, hit 98.6 in October, a familiar number that’s both a personal and national sign of good health.  Assuming that number, or close to it, holds for these next two months, it will result in the highest consumer sentiment index in the last 18-years.  Strong sentiment typically relates to increased consumer spending, adding further momentum to our nation’s economic health, with the major shopping season just ahead.

Great news all around as America’s expanding workforce continues to move our economy, and our world-stage productivity forward.

Addendum:  More good news.  Food Stamp use is now down to an all-time low.  In fact, enrollment in the program has declined, now, for ten consecutive months.  Much credit for the decreased use goes to the steadily improving economy.  But some credit to a few states who passed laws requiring food stamp recipients to either work, enroll in job training, or volunteer several hours each week.  Hopes of making these requirements uniform across the nation are likely dimmed by the results of the recent House election.

(Manufacturing figures via, John Carney, 11-2-18; Trump quote & figures via, Susan Jones, 11-2-18; Consumer sentiment figures via,  John Carney, 11-9-18; Addendum information via Breitbart,com, Katherine Rodriguez, 11-11-18)