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Economic Improvements Under President Trump

Economic Improvements Under President Trump

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The end of 2019 saw remarkable economic improvements in the United States’ economy under President Trump. A remarkable trend, among the onslaught of impeachment and increasing political polarization across the United States.

However, credit is due to the Trump administration, as unemployment has reached record lows in 2019 and the beginning of 2020 for Hispanic, Asian, and African American minorities.

CNN and CNBC have reported that the African American community have seen a 5.5 percent unemployment rate with an increase in employment among African American women. Additionally, unemployment among Hispanics hit 3.9 percent in September of 2019. These figures are demonstrative of a 50-year low of unemployment for minority populations.

Low rates of unemployment, improvements in median-household incomes, and a boom in the stock market in 2019 has led to a strong period of financial growth for the United States under President Trump. The BBC has documented this stock market growth by arguing that the DOW has reached a record high under Trump’s administration.

Despite instability in the market because of the trade war with China and the possible impacts on the production of goods because of the global spread of the Coronavirus, the stock markets have still had remarkable returns in the beginnings of 2020.

The BBC reported job growth has taken the form of 6.7 million jobs added since January 2017 when President Trump took office.

Additionally, tax cuts and deregulation have increased simulation and investments into small businesses and corporations. It is important to note that these gains do not only effect business owners, they also effect workers who are experiencing wage increases, under Trump’s Administration.

These economic gains are to the benefit of the American people and indicate an increasing strength in the U.S. economy. Love him or hate him, you’ll likely seek a decrease in taxes this upcoming April, along with an increase in job growth and wages.

Article written by Quincy Standage.

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