http://money.cnn.com/2017/03/10/news/economy/february-jobs-report/index.html?iid=hp-stack-dom
The article explains how Donald Trump is fulfilling his promise to the American people to create 25 million jobs in 10 years. Economists explain how unlikely it is that such a feat can be accomplished, however, the first full month of the Trump era shows to be on track to accomplish the goal. He created quite a few jobs in the manufacturing sector along with the construction sector across the country. Trump is pushing for better trade deals to even further increase the jobs in the U.S. which is exciting. On top of the job creation, the country is also seeing better consumer and business confidence levels with increases in the wage levels. I am anxious to see how things continue to improve moving forward.
3 comments:
I think that the unemployment rate falling to 4.7% (as recorded by the BLS this February), does indeed show that there have been improvements to the job market. However, as we discussed in class, the Trump administration has only been present for a short period of time, thus I think it is too soon to say that the Trump administration is responsible for improving the job market this rapidly. However, I do think that the increased business confidence levels is a positive sign to further improve employment in the US economy.
Yeah I agree, I wonder how much of this is simply what Trump inherited in office, also how much was inherited was really a result of Obama or other non-related factors in the market. I am curious about how his efforts for job growth will be beneficial for the long term economic growth. A lot of it seems a bit short sighted and not necessarily geared toward long-term efficiency. I hope thats not true and I do hope things work out positively. We will see...
It will be interesting to see if Trump can keep the current pace to accomplish the goal. So far he has had some success, but has only been the president for a few months. He has had success in the manufacturing sector, but I imagine he will have to expand into other sectors in order to continue the trend.
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