The US economy continued to roar to life under President Trump and the GOP-controlled Congress in July; gaining over 150k jobs and sending the unemployment rate to a stunning low at just 3.9%.
According to Market Watch, the US economy has added an incredible 1.5 million private sector jobs in 2018 alone, signaling a robust recover after years of stagnant growth.
“White-collar professional firms added 51,000 jobs last month, continuing a strong run of employment gains. Manufacturers filled 37,000 jobs. Health-care providers hired 34,000 people. And bars and restaurants beefed up staff by 26,000,” writes Market Watch.
“Construction companies somehow took on an additional 19,000 workers despite a nationwide shortage of labor. Builders say it’s increasingly hard to find experienced carpenters, framers, concrete pourers and the like,” adds the financial website.
Read the full report here.
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.
GREAT AGAIN: $300 Billion ‘FLOWING BACK’ to US after GOP Tax Cuts
Billions of dollars of American currency formerly overseas is now flowing back into the United States following the GOP-sponsored tax cuts, according to Fox Business and new statistics released this week.
The data shows over $300 billion was repatriated back to the United States in the first quarter of 2018; beginning just weeks after the President signed the sweeping overhaul of the nation’s outdated tax code into law.
“The [Bureau of Economic Analysis] notes the main driver of the repatriation surge is that companies are no longer taxed on foreign earnings when returning the funds to the U.S,” writes Fox.
“U.S. firms that used to build their factories overseas in order to avoid U.S. taxes, they stopped in their tracks because of the tax bill, they are bringing all the money home,” said Kevin Hassett, chair of the president’s Council of Economic Advisers.
Read the full story at Fox Business.