Changing the Subject for a Second: President Trump’s Economic Successes
“President Trump may never be able to satisfy his critics in the mainstream media, Washington establishment and business elite. However, no one can deny the tremendous economic success and surge in optimism under his leadership. We are changing the way Washington works, and producing real results for the people who put us here.
By the numbers:
U.S. retail sales soared in July to a 7-month high
Unemployment is at a 16-year low
More than a million jobs have been added to the economy
June saw 6 million job openings in the U.S., one of the highest levels recorded
Already in 2017, the Dow Jones Industrial Average has had 34 record highs
The Bloomberg Consumer Comfort measure reached a 16-year high, with current views of the economy also reaching a 16-year high
Small business optimism rose in July, led by significant gains in hiring activity, according to the National Federation of Independent Business monthly index of small business optimism
The Conference Board’s Consumer Confidence Index rose in July to near a 16 year high, with consumers short-term outlook improving
The National Association of Manufacturers’ Outlook Survey showed the highest two-quarter average, of 91.4 percent, for manufacturing optimism in the survey’s 20-year history
The Institute for Supply Management reported that its June barometer of manufacturing rose to 57.8, surpassing estimates for a gain to 55.3, growing at its fastest pace in three years
According to June’s CNBC All-America Economic Survey, 54 percent of Americans think their home prices will rise in the next year.
The American Action Forum estimates President Trump has begun action to remove over $60 billion in regulatory costs by rolling back Obama administration rules
In June, U.S. exports reached $194.4 billion, the highest level in in 2.5 years
U.S. shale oil production has soared to record outputs since President Trump’s election on a combination of stronger consumer demand and a belief among producers of a much friendlier pro-U.S. energy stance from the administration”
Source: White House Communications Office
