When Donald Trump said he was bringing back jobs to the U.S., he meant it.
It’s almost shocking to realize we have a president that has made it a priority to help Americans of all stripes find and keep work. For years we’ve had presidents that seemed to favor foreign interests and companies that sent jobs overseas. Over the course of decades we’ve watched good jobs–blue collar and white collar ones–dry up in America.
Even Republican leadership seemed to favor this trend, leaving more and more Americans in the lurch.
But already we are seeing a change. In the wake of Donald Trump election numerous major companies announced they were investing in American labor. Companies are opening up new plants, offices, and distribution centers. Others are expanding their operations around the country.
The stock market continues to climb. Consumer confidence is reaching heights it has not seen in many years.
Now a new statistic has come out that’s even better: unemployment claims have plummeted.
From Market Watch:
The number of out-of-work people collecting unemployment checks fell to a 17-year low in April, underscoring the strongest U.S. labor market in years.
So-called continuing jobless claims fell by 49,000 to 1.98 million, marking just the second time they’ve fallen below 2 million during the current eight-year-old economic expansion. Continuing claims also dipped below the 2 million mark in March.
The last time state unemployment offices sent out fewer checks to jobless Americans was in April 2000, the government reported Thursday…
There is a “steady downtrend in place in the pace of layoffs,” noted Stephen Stanley, chief economist at Amherst Pierpont Securities.
The more stable monthly average of jobless claims was a touch lower at 243,000. They fell by 4,250 from the prior week.
In recent trading, the Dow Jones Industrial Average DJIA, +0.40% rose more than 180 points to 20,400. The Dow is up 3.3% so far in 2017.
Many politicians have promised job growth, but their plans to make it happen usually result in more government spending, waste, and an increase in people depending on social programs to get by.
This drop in unemployment handouts is a result of better economic environments, thanks to optimism from employers and companies. The media might try to slander what Trump is doing, but the real world is saying something different. The president’s plans are making America a safer, strong, and more prosperous place.
All it took was a president that put Americans first and will negotiate better deals for our country. Things will surely get better when the burden of Obamacare is lifted and taxes are reduced.
Let’s hope this downward trend continues all the way to zero.
Source: Market Watch