The United States’ construction industry is “booming” under President Trump and the Republican-controlled Congress, with new data showing the market rapidly expanding with “plenty of available jobs” for American workers.
According to Market Watch, “One of the brightest spots in recent employment reports has been construction hiring.”
“Employers added a net new 23,000 construction jobs in September, the Labor Department said Friday, and the number of people working in the industry was 315,000 higher compared to a year earlier,” adds the industry website.
Construction jobs up 214k year-to-date, up more than 300k compared to Sep2017. We are in the midst of the 2nd strongest 5yr growth period for constr jobs ever recorded. added 1.4mil jobs Sep'13-Sep'18 vs 1.5mil for 5yrs 1996-2000.https://t.co/Tym0oMlfr3
— Ed Zarenski (@EdZarenski) October 5, 2018
The report adds there remains a healthy stock of “construction jobs open” in recent weeks; adding there were 273,000 “positions” on the employment market at the end of July.
“The construction industry added workers and increased pay in the past year at rates higher than the overall economy,” added an industry insider. “However, the pool of unemployed workers with construction experience has nearly evaporated.”
Read the full report here.
'TRUMP’S ECONOMY': US Chamber of Commerce Thanks the ‘WHITE HOUSE’ for Stunning Growth
The United States Chamber of Commerce officially thanked President Trump and his policies for igniting a stunning recovery; praising the administration for slashing regulations and passing tax cuts that are helping millions of Americans.
Chamber President Thomas Donohue was speaking at a Christian Science Monitor media event in recent days when he weighed-in on the booming stock market, low unemployment, and rising wages across the country.
“I really appreciate the major effort by government, and when I say government it was the White House, but yes the Congress and the Senate, doing some regulatory fixing,” said Donohue.
“Everytime we had a new regulation we never took away the old one and that put lots of conflict in what people were facing,” he said. “There is no big mystery to progress, the results of the federal government getting off the backs business in a way that everybody understood was going to have to happen.”
“There are a lot of positive stories to tell in our current economic environment. Ten years after the worst financial crisis since the Great Depression, our economy is finally firing on most of its cylinders,” said Donohue.
Read the full story at the Washington Examiner.
ARMAGEDDON? US Economy to GROW 5.4% in FIRST QUARTER
The American economy continues to roar under President Trump and the GOP-controlled Congress, with federal trackers and analysts predicting an unprecedented 5.4% GDP growth in the first quarter of 2018.
The shocking numbers show the US economy rebounding after years of stagnating wages and low-growth GDP in the wake of the “Great Recession” under former President Barack Obama.
“The economy is on track to put up blockbuster growth numbers in the first quarter, according to the latest forecast from the Atlanta Fed,” writes CNBC. “GDP is expected to surge 5.4 percent to start 2018, the central bank branch estimated in its latest rolling look at how the economy is progressing.”
In other signs of progress, consumer spending surged from 3.1% to 4% following the passage of the GOP tax cuts and jobless claims continue to hover around “generational lows” with unemployment at just 4.1%.
President Trump touted the economic success story during his State of the Union address Tuesday night; applauding companies and corporations for raising wages, expanding benefits, and paying big bonuses after he signed the sweeping tax overhaul into law.