The US economy continued to roar to life under President Trump and the Republican-controlled Senate in March; adding more than 196,000 new jobs and maintaining a historically low 3.8% unemployment rate.
“Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday,” reports CNBC.
“With a strong March employment report now in the books, we’ve gotten some reassurance that the labor market is still strong,” said a leading economist with CUNA Mutual Group.
“Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine,” he added.
Read the full report at CNBC.
APPLE RETURNS: Tech Giant INVESTS $350 BILLION in USA, Creates 20,000 JOBS
Technology giant Apple Computers announced on Wednesday that it will re-invest over $350 billion in the United States following the recently passed GOP tax cuts; pledging to create 20,000 new jobs throughout the country and pay over $40 billion in repatriation taxes.
According to CNBC, Apple confirmed its new plan to commit $350 billion to the US economy over the next five years, saying it will create tens of thousands of new jobs and at least one new campus.
The computer and smart-phone manufacturer expects to pay nearly $40 billion in taxes when it repatriates the large sums of money held overseas, citing the recently passed tax legislation as a key motivator in re-patriating offshore accounts.
“Apple also said it would spend over $30 billion in capital expenditures over the next five years. About $10 billion in capital expenditures will be investments in U.S. data centers,” writes CNBC.
“Apple today announced a new set of investments to build on its commitment to support the American economy and its workforce,” said the official statement. “Apple’s direct contribution to the US economy will be more than $350 billion over the next five years, not including Apple’s ongoing tax payments, the tax revenues generated from employees’ wages and the sale of Apple products.”
“We have a deep sense of responsibility to give back to our country and the people who help make our success possible,” Apple CEO Tim Cook said in a statement.
'DEATH AND DESTRUCTION?' GOP Tax Cuts Benefit EVERY SINGLE DISTRICT in the US
The liberal predictions of “death and destruction” continued to crash and burn this week, with new data showing the GOP sponsored tax cuts benefited every single Congressional district in the United States.
The report, published by the Heritage Foundation, found all 425 US districts benefited on average between $394 and $3,332 since the President signed the sweeping tax overhaul into law last December.
“We find that the average household and the average married couple with two kids in every congressional district in every state benefit from the tax cut, both in 2018 and over the next 10 years. Nationally, average households will save $1,400, and married couples with two children will save $2,918 in 2018,” said the report.
The strong data throws even more cold water on the media’s overhyped “blue wave” predicted for this fall, with House Minority Leader Nancy Pelosi vowing to repeal the “GOP tax scam.”
Read the full report here.
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