IGNITING A HISTORIC ECONOMIC BOOM: President Trump’s pro-growth policies are unleashing economic growth and providing opportunities to workers across the country.
Due to President Trump’s pro-growth policies, real gross domestic product (GDP) growth exceeded 3 percent over the last four quarters.
Real GDP grew at annual rates of 3.5 percent in the third quarter of 2018 and 4.2 percent in the second quarter.
More than 4.6 million jobs have been created since President Trump’s election and the unemployment rate remains at 3.7 percent, the lowest rate in nearly 50 years.
This is the seventh time this year that the unemployment rate has been below 4.0 percent.
Prior to this year, the unemployment rate had fallen below 4 percent only five times since 1970.
Eighteen States recently reached record-low unemployment rates.
The unemployment rate for African Americans in November fell to 5.9 percent, which is the lowest rate on record.
Asian and Hispanic-American unemployment rates reached record lows in May and October of this year, respectively.
Initial weekly jobless claims have hit a nearly 50-year low under President Trump.
Americans are seeing more money in their pockets thanks to the booming economy.
In October and November of 2018, workers saw their largest nominal year over year wage growth in nearly a decade.
In 2017, real median household income rose to a post-recession high.
President Trump’s policies are helping to lift Americans out of poverty.
African-American and Hispanic-American poverty rates reached record lows of 21.2 percent and 18.3 percent, respectively, in 2017.
Since the election, 4.6 million Americans have been lifted off of food stamps.
Consumer confidence has soared under President Trump, recently reaching an 18-year high.
MANUFACTURING AND BUSINESSES ARE THRIVING.
President Trump is delivering on his promise to bring back American manufacturing.
Casey Mchone, Donald Trump
The National Association of Manufacturers’ Outlook Index had the highest annual average in its history over the past year.
468,000 manufacturing jobs have been created since President Trump’s election.
Small Business optimism jumped to a record high under President Trump, according to a survey by the National Federation of Independent Business (NFIB).
The NFIB’s Small Business Optimism Index broke a 35-year record in August.
President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.
These tax cuts are delivering real results for American families and workers.
More than 6 million workers received tax cut bonuses and benefits.
More than 100 utility companies have announced lower rates.
President Trump is ensuring American workers receive the training and education they need to compete in today’s economy.
President Trump is delivering on his promise to bring back American manufacturing.
The National Association of Manufacturers’ Outlook Index had the highest annual average in its history over the past year.
468,000 manufacturing jobs have been created since President Trump’s election.
Small Business optimism jumped to a record high under President Trump, according to a survey by the National Federation of Independent Business (NFIB).
The NFIB’s Small Business Optimism Index broke a 35-year record in August.
President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.
These tax cuts are delivering real results for American families and workers.
More than 6 million workers received tax cut bonuses and benefits.
More than 100 utility companies have announced lower rates.
President Trump is ensuring American workers receive the training and education they need to compete in today’s economy.
More than 185 companies and associations have signed our “Pledge to America’s Workers,” promising more than 6.4 million training opportunities.
The president signed legislation that reauthorized the Carl D. Perkins Career and Technical Education Act, making more than $1 billion available for career education programs.
President Trump has prioritized the economic empowerment of women.
The women’s unemployment rate recently reached its lowest rate in 65 years.
The Small Business Administration lent approximately $500 million more in capital to women-owned businesses in 2017 compared to 2016.
The administration helped launch the Women Entrepreneurs Finance Initiative, which could leverage more than $1 billion to support women entrepreneurs.