One of the main rallying cries among those who supported Donald Trump during last year’s election could be described in a single word…jobs.
The American working class has watched over the past two decades, starting with the signing of NAFTA, as thousands of blue collar middle class jobs have vanished. These jobs have either been shipped overseas in favor of cheap labor, or even absorbed by foreign workers on H1B1 visas who enter the country to replace American workers.
It should be no surprise then that President Trump has made the bringing back of American jobs a central theme of his administration, and after only 50 days in office, he appears to making good on those promises.
Today the jobs numbers for February were released and they exceeded even the most optimistic expectations. On a predicted number of 190,000 jobs being created, it turns out that nonfarm payrolls increased by235,000, a difference of 45,000 new jobs.
Nonfarm payrolls increased by 235,000 in February and the unemployment rate was 4.7 percent in the first full month of President Donald Trump’s term, the Bureau of Labor Statistics reported Friday.
Average hourly earnings increased by a healthy 2.8 percent on an annualized basis.
Construction led the way, growing by 58,000, the most in almost a decade, while manufacturing also posted strong gains with 28,000 new jobs.
Economists surveyed by Reuters had expected the economy to add 190,000 jobs and the unemployment rate to tick down to 4.7 percent. That contrasts with the upwardly revised January numbers of 238,000 new positions and an unemployment rate of 4.8 percent.
The mainstream media was quick to try and disconnect Trump from the jobs success, with MSN publishing articles claiming that the “strong jobs are not attributed to Trump”.
However, even economists can’t deny that the American labor market is “getting better by almost every measure” in recent months
America’s labor market might not be as great yet as President Donald Trump wants, but by almost any measure, it’s getting better.
Employers added an above-forecast 235,000 positions in February, while measures of joblessness and underemployment improved, the Labor Department’s monthly report showed on Friday. Wage growth picked up and the share of prime-age Americans in the labor force rose to the highest since 2011, suggesting the economy’s strength is drawing people off the sidelines.
Although not all of the economy’s success can be attributed to specific actions taken on Trump’s part, as many of his policies are still in their infancy, yet it seems the American public has high hopes for his presidency as consumer confidence hit a 15-year high at the end of February.
Stocks have also enjoyed a “Trump rally” as of late, and in the end of February the DOW and Nasdaq enjoyed a 10-day winning streak of hitting record highs.
Trump took to twitter today to acknowledge his success with a message saying “GREAT AGAIN: +235,000“, referencing a headline on the Drudge Report and linking to a Bloomberg story.
GREAT AGAIN: +235,000 https://t.co/GkockGNdtC
— DRUDGE REPORT (@DRUDGE_REPORT) March 10, 2017
Sean Spicer, Trump’s press secretary, also chimed in on Twitter saying, “Not a bad way to start day 50 of this Administration”.
Not a bad way to start day 50 of this Administration https://t.co/pysL1jxLpq
— Sean Spicer (@PressSec) March 10, 2017
Record highs and increasing employment opportunities aren’t the only numbers to celebrate for Trump, as the Gateway Pundit reports that the National Debt has decreased by a healthy $60 billion since Trump’s inauguration.
On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion. On March 8th, more than a month later, the US Debt load stood at $19,879 billion. Trump has cut the US Debt burden by $68 billion and 0.3% in since his inauguration! By comparison, under President Obama, the US Debt burden increased by more than $320 billion after his inauguration through March 8th 2009.
With Donald Trump only half way through is first 100 days as president, and despite the constant barrage of media attacks on his administration, it appears he is taking charge to improve the lives of the American working class, which was one of his core promises during the election.
Overall, the improvement in the job market can be described as yet another step towards Trump’s overall goal of “Making America Great Again”. A goal that those on the left continue to oppose at every turn.