The US economy continues to roar under President Trump and the Republican-controlled Congress, with new data showing manufacturing employment reaching its highest levels since the “great recession.”
According to statistics released by the Labor Department Friday, the manufacturing sector reached 380,000 employees; the highest numbers seen since the start of the economic downturn in 2007.
In total, the industry has added more than 200,000 during Trump’s first year in office as a healthy dollar and revised international trade deals begin to take effect.
The strong data comes as unemployment benefits reach a 44-year low, with the federal government distributing the least amount of payments since the 1970s.
The economic boom sends the GOP into the 2018 midterms with strong poll numbers and record-breaking fundraising figures as the Republican Party largely erased recent Democratic gains heading into the election.
LIBERAL NIGHTMARE: Chrysler, Capital One RAISING WAGES after GOP Tax Cuts
The economic “nightmare” predicted by left-wing lawmakers such as Nancy Pelosi and Chuck Schumer continued this week, with more and more major American corporations announcing increased wages and big bonuses following the GOP-led tax cuts.
Less than one day after House Minority Leader Nancy Pelosi blasted the tax legislation as “pathetic crumbs” to working-class families, Fiat Chrysler and Capital One pledged to raise wages and pay out big bonuses to American-based workers as a direct result of the Republican tax overhaul.
— CNBC Now (@CNBCnow) January 11, 2018
In addition, Chrysler officially announced its plan to relocate a major production plant from Mexico to Michigan “in response to the passage of U.S. tax reform late last year.”
“BREAKING: Fiat Chrysler to invest $1B+ to modernize a Michigan plant, in addition to previous $1B investment in the plant; will add 2500 new jobs, and will give $2,000 bonuses to 60,000 of its hourly and salaried employees in the US because of tax reform,” tweeted CNBC.
Chrysler and Capital One join a growing list of major American corporations –such as AT&T, Boeing, Southwest Airlines, Walmart, and others- raising wages and re-investing in the United States after the GOP and President Trump successfully passed the largest overhaul of the nation’s outdated tax code in generations.
GREAT AGAIN: Dow SOARS 31% Under TRUMP, Best Year Since GREAT DEPRESSION
As Democrats and Republicans scramble to reach a last-minute agreement to avert a federal government shutdown, the stock market continues to smash records under President Trump; soaring 31% in his first year in office and posting the greatest gains since President Franklin Roosevelt.
According to CNBC, the Dow has surged over 31% since President Trump’s inauguration in January 2017, marking the largest increase since Franklin Delano Roosevelt’s first year in office which saw the Dow “skyrocket” by 96.5% following the Great Depression.
“This is all about policy,” said a chief investment strategist at Baird. “You’ve got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders.”
President Trump rode a wave of economic promises and policies into the Oval Office throughout the 2016 presidential race; vowing to put “America First” and unleash “the power of the American worker.”
Trump touted the economic gains throughout the country at a rally in Pennsylvania Thursday, saying the US is “coming back bigger and better.”
“We are coming back bigger and better and stronger than ever,” said the President. “At the center of America’s resurgence are the massive tax cuts that I just signed into law.”