ICYMI: U.S. Economy Continues to Thrive Under President Trump

Hey there –
 
The Bureau of Labor Statistics is out with the August economic numbers and the economy continues to soar under President Trump’s leadership! In August, 130,000 jobs were added, and wages grew 3.2%. This is the 13^th month in a row of 3% wage growth or higher. It is clear that President Trump is continuing to deliver on his promises to build and maintain a robust economy for all Americans.

Additionally, the Wall Street Journal released a report yesterday on the abundance of hiring increases for small businesses in August. The WSJ cited a National Federation of Independent Business survey which showed both hiring and employee compensation are on the rise. Small businesses are thriving and exceeding expectations thanks to President Trump’s policies.
 
As Trump Victory traveled across the country for the 'Open for Business' tour, small business owners in Pennsylvania attested to the work that President Trump has done for our economy. While 2020 Democrats hope for a recession, the most recent economic news proves “ that a recession is still nowhere in sight.”
 
Read more about the positive economic news here: 
 

A Record Number Of Workers Are Winning In The Trump Economy

More Workers Are Employed Than Ever Before As People Continue To Reenter The Workforce At The Fastest Rate In 13 Years

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The Facts:

WORKERS KEEP ON WINNING IN THE TRUMP ECONOMY AS MORE PEOPLE ARE EMPLOYED THAN EVER BEFORE

The U.S. labor market added 130,000 jobs in August.

The total number of employed Americans “surged” by 590,000 to a record 157.9 million, according to the Department of Labor’s household survey.

MINORITIES CONTINUES TO BENEFIT FROM THE STRONG ECONOMY AS BOTH HISPANIC AND AFRICAN AMERICANS SAW HISTORICALLY LOW UNEMPLOYMENT IN AUGUST

            African American unemployment hit a record low of 5.5% in August.

Record low African American unemployment was driven by a jump in the number of black women on the job, whose unemployment rate fell to a record low 4.4%.

The unemployment rate for Hispanic Americans tied a record low in August.

PRESIDENT TRUMP’S ECONOMY CONTINUES TO PULL DISENFRANCHISED AMERICANS OFF THE SIDELINES AND INTO THE LABOR MARKET

The booming economy is enticing Americans back into the workforce as the labor force participation rate rose to 63.2%, tying its highest level since 2013.

Strong labor force participation was driven by women who are returning to the labor market at the highest rate in more than 17 years.

WAGES CONTINUED TO GROW WELL ABOVE INFLATION IN AUGUST, ANOTHER MONTH OF SOLID GROWTH

Wage growth “remained solid” in August, growing at 3.2% year over year, well above inflation.

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