The American economy continued to roar to life under President Trump and the Republican-controlled Congress in October; with jobless claims dropping to 210,000 and reaching the lowest levels in nearly 50 years.
According to Market Watch, “The number of Americans losing their jobs and applying for unemployment benefits each week remained near a 49-year low in mid-October, suggesting no visible deterioration in a U.S. labor market.”
“It can’t get a whole lot better in the U.S. job market. Openings just hit a record high, the U.S. unemployment rate has fallen to a 48-year low of 3.7% and hiring remains robust,” adds the report.
The strong economic data comes less than three weeks before American voters head to the polls; deciding whether or not Nancy Pelosi and the Democrats return to power in both the House and Senate.
Read the full report at Market Watch.
GREAT AGAIN: America Regains Title of ‘World’s Most Competitive Economy’
The United States’ economy continued to roar to life under President Trump and the GOP-controlled Congress this month; officially regaining the title as the ‘World’s most competitive economy.”
The US topped the list for the first time since the ‘Great Recession’ of 2008, according to the World Economic Forum’s Global Competitiveness Report, scoring a whopping 85.6 index out of a possible 100.
“The ranking scores 140 economies on multiple drivers of competitiveness, including institutions and polices that drive productivity. Notably, this year the WEF adjusted its methodology so that its ranking has a better account of an economy’s future competitive advantages, including disruptive businesses and entrepreneurship,” writes Fox Business.
The other top five economies included Singapore, Germany, Switzerland, and Japan.
The strong economic report may spell disaster for Democrats heading into the 2018 midterm elections, with House Minority Leader Nancy Pelosi vowing to repeal the “GOP Tax Scam” should her party retake control of Congress this fall.
Read the full story at Fox Business.
GREAT AGAIN: 95% of Manufacturers ‘OPTIMISTIC’ about Economy, Highest IN HISTORY
A stunning new survey by industry insiders revealed Wednesday that over 95% of American-based manufacturers have a “positive outlook” about the US economy and future growth potential.
The survey, released by the National Association of Manufacturers, shows a staggering 95.1% of those in the industry are optimistic about the US recovery heading into the third quarter of 2018; the highest level seen in the report’s twenty year history.
“Last year, manufacturers promised that we would deliver for our people and our communities if tax reform became law. Congress and the president delivered, and now manufacturers are keeping our promise: hiring new workers, raising wages, improving benefits, buying equipment and expanding right here in the United States. And the best part is, with manufacturers’ record-setting confidence and plans to keep hiring and growing, more good news is yet to come,” said a statement from NAM President Jay Timmons.