President Donald J. Trump’s historic
tax cuts, deregulation, and pro-growth policies are creating jobs and restoring
confidence in America’s economy.
With labor participation, wages, and
job growth all on the rise, we are seeing firsthand how President Trump’s
economic policies are benefitting American workers. “America’s job creators are
confident.
Due to the President’s tax cuts and
reforms, more than 5 million Americans are receiving bonuses, retirement
account contributions, higher pay, and other new benefits; businesses are
announcing new investments in America and its workers; and public utilities are
cutting their bills and passing on savings to consumers and families. With all
the good news, confidence is soaring. According to the Conference Board, consumer
confidence is near an 18-year high.
“America’s job creators are
confident. Since President Trump’s election, nearly 3.2 million American jobs
have been created. That includes nearly 800,000 jobs added since the President
signed the Tax Cuts and Jobs Act into law,” said Secretary Acosta in a
statement.
“This
is a great time to be a job seeker in America. Last month, the unemployment
rate fell to 3.9%, the lowest level in nearly 18 years.”
–
Secretary of Labor Alexander Acosta
“Through
cutting taxes, rolling back overly burdensome regulations, supporting workforce
development and enhancing opportunities in rural America, this administration
is showing that a thriving economy creates an even stronger America.”
–
SBA Administrator Linda McMahon
Read the Facts: President
Donald J. Trump Recognizes the Importance of Small Businesses During 2018 Small
Business Week
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HIGHLIGHTS
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Unemployment
rate is down - having fallen to 3.9 percent in April it is the lowest rate
since December 2000
· The
unemployment rate for African Americans established
a new low (6.6 percent)
· The unemployment rate for
Hispanics tied a series low
· The
unemployment rate for adult women and teens is the lowest
since 2000
· 2018 average growth is higher than
both 2016 (195K) and 2017 (182K)
Job growth
since the election is 3.2 million and 2.7 million since the President took
office.
· Combined
total of 753,000 jobs in three industries, referred to “goods-producing
industries”
· 316,000
manufacturing jobs since the election
· 84,000
mining and logging job since the election
· 363,000
construction jobs
2.6 percent
wage growth was across the board
The labor force participation rate is up-substantially for prime-aged
workers since the election (November 2016)
· 900,000 workers have
rejoined the labor force over that time period.
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IN OTHER NEWS
National Day of Prayer
2018
“Today, President Trump will take another strong step to
protect and promote Americans of faith, because in this White House, believers
of every background have a champion in President Donald Trump.”
– Vice President Mike Pence
This week, President Trump signed an Executive Order to
ensure that the faith-based and community organizations have strong advocates
in the White House and throughout the Federal Government. The new executive
order creates a faith-based office, the White House Faith and Opportunity
Initiative. “We are proud of our religious heritage. And as President, I will
always protect religious liberty,” President Trump said while making remarks at
the National Day of Prayer in the Rose Garden.
Watch: National
Day of Prayer 2018