A Rising Tide....

[DawnODay]

In 2019, the economy is great. The U.S. labor market has added more than 6.3 million new jobs since President Donald J. Trump was elected. In fact, there continue to be more jobs open in America than there are people looking for work. Unemployment is the lowest it has been since the end of 1969. And the unemployment rate for African-Americans, Hispanics, people with disabilities and military veterans is the lowest ever recorded for each category.

At the same time, wages are up. The Bureau of Economic Analysis recently published its annual revisions to personal income data showing that employee compensation rose 4.5 percent in 2017 and 5 percent in 2018. The trend continued in 2019 as compensation rose 3.4 percent during the first six months....

The facts... show a huge majority of Americans received a tax cut. According to the Tax Policy Center, 82 percent of middle-class earners received a tax cut averaging around $1,050. Despite Nancy Pelosi’s comments that the tax cuts were crumbs, a thousand dollars more in take-home pay is a big deal for most families in our country.

Facts show that middle-class taxpayers were the big winners in the tax-cut plan signed by Mr. Trump​

S. Walker, Acknowledging Trump's robust economy, Washington Times (Aug. 8, 2019).

 

[DawnODay]

Black unemployment fell to a record low in August, helped by a jump in the number of black women on the job.

The unemployment rate for black workers fell to 5.5% from 6%, according to the Labor Department data. The previous record low of 5.9% was set in May 2018.

The unemployment rate for black women fell to a record 4.4% from 5.2% in July....

Unemployment among workers who identify themselves as Hispanic or Latino also fell in August to 4.2%, which matched a record low set earlier this year.​

C. Isidore, Black unemployment rate falls to a record low, CNN (Sep. 6, 2019).

 

[DawnODay]

Women’s participation in the workforce rose to 76.3 percent — the highest level since 2002.

Hispanic unemployment remains at a record low.

The unemployment rate for African Americans fell to a historic low.

Americans also saw bigs gains in their wages. Pay grew 3.2 percent year-over-year, achieving 3 percent growth for the 13th consecutive month....

Overall labor participation rose, to 63.2 percent.

August also marked the 18th consecutive month that unemployment registered at or below four percent. It remains at a 50-year low, making it the most impressive jobs rebound in half a century.​

J. Kerns, ‘Racist’ Trump Just Keeps Delivering Economic Gains For Women And Minorities, Daily Caller (Sep. 8, 2019).

 

[DawnODay]

K. Dmitrieva, U.S. Factory Output Rises More Than Forecast in Broad Gain, MSN (Sep. 18, 2019).

 

[DawnODay]

C. Follett, Middle Class Shrinking… As Households Become Richer, Cato Institute (Sep. 18, 2019).

 

[DawnODay]

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[DawnONight]

Continued discussion of how sound pro-growth economic policies benefit all socioeconomic classes.