The US economy continues to smash records under President Trump and the Republican-led Congress, with new data showing there are more jobs than “people out of work” for the first time in American history.
According to CNBC, there are roughly 6.7 million job openings in the United States and approximately 6.4 million available workers to take them, making April the second month in a row to have an inverted job index.
“The number of vacancies is pulling well ahead of the number the Bureau of Labor Statistics counts as unemployed. This year is the first time the level of the unemployed exceeded the jobs available since the BLS started tracking JOLTS numbers in 2000,” writes CNBC.
“If employers want to fill these 6.7 million job openings, they are either going to have to raise wages or find more clever and creative ways to recruit workers off the sidelines,” added a senior economist.
The new data signals a growing US economy just months after President Trump signed the recently passed GOP tax cuts into law; unleashing American businesses and putting millions of dollars back into workers bank accounts.
Read the full story at CNBC.
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.
LIBERAL NIGHTMARE: GOP Renews Push for ‘PERMANENT’ Tax Cuts
Congressional Republicans are rapidly planning to push “Phase Two” of President Trump’s recently passed tax cuts; signaling a new fight with liberal legislators as the GOP seeks to make the individual and corporate rates “permanent.”
“We’re actually going for a phase two, which will help in addition to the middle class, will help companies, and it’s going to be something I think very special,” said the President during an event last week.
“I am 100 percent behind that and would support it and even help promote it,” added Rep. Mark Walker.
While the lawmakers behind the renewed push for even greater tax reform haven’t outlined a clear timeline for the legislation, Capitol Hill insiders believe a second tax bill could reach the floor by this summer.
“It will lead with permanence,” said the House Ways and Means Committee Chairman Rep. Kevin Brady. “The tax cuts for families and small businesses were long term, but they weren’t permanent. We think that’s important for growth and certainty.”
The comments come just days after Democrat leaders Nancy Pelosi and Chuck Schumer called on Congress to repeal the tax cuts; arguing the US government should raise taxes on corporations and wealthy Americans to finance a $1 trillion infrastructure bill.
h/t The Hill