One million jobs have been created since President Trump took office on January 20. That’s right— one million.
There’s no doubt that Trump inspires business confidence. Likewise, the president bolsters employment through his strong platform of rebuilding the economy by bringing jobs back to America. Now, Trump’s effect on the economy is finally measurable.
The impressive economic growth that many are calling the “Trump boom” was evident last Friday when the government released its latest jobs figures. Along with the creation of one million jobs since January, the figures also showed that July’s unemployment rate dropped down to 4.3%, the lowest it’s been since the late 1990’s and early 2000’s during the dot-com boom. The last time the US unemployment rate was ever this low was March 2001.
The month of July also marked a record high for the number of employed Americans, which reached a total of 153.5 million workers, according to the US Bureau of Labor Statistics.
And in the midst of all this success and growth comes perhaps the most significant part of the Trump boom: the trade deficit has dropped again. The US Commerce Department reported on Friday that the trade deficit has dropped to $43.6 billion—that’s nearly 6%! Gary Cohn, Trump’s top economic advisor and director of the National Economic Council, reported that he and the president are both “very happy with the number”, explaining that this was part of their plan for national prosperity, and that all was going as intended.
In an appearance on Fox Business Network’s “Varney and Co.”, Cohn was asked what would be next for President Trump regarding the economy. Cohn stated that the administration plans to move to tax reform soon, saying that a temporary tax cut is not good enough and that Congress must pass comprehensive tax reform that is permanent and doesn’t add to the deficit.
President Trump spent much of his campaign vowing to bring down America’s trade deficits, saying that they are caused by bad trade deals and abusive practices by China and other trading partners, and that as an experienced businessman he would fix this problem. By successfully lowering the deficit, Trump has once again shown that he is staunchly committed to keeping his campaign promises and will not stop until they are fulfilled.
The Trump boom is compelling proof that Donald Trump is indeed making America great again, just as he vowed he would.