During his presidential campaign, then-candidate Donald Trump promised to deliver a strong economy for the American people, and as President, he has more than made good on his promise – and he still has not even been in office for 365 days.
There are five economic indicators that show the economy is incredibly strong right now under the Trump administration: The booming stock market, job creation beating expectations, a low number of layoffs, manufacturing industry growing rapidly, and dozens of major companies responding positively to the GOP tax reform bill.
1. Dow Hits 25,000 For The First Time Ever
The Dow Jones Industrial Average hit 25,000 points for the first time ever on Thursday, closing at 25,075.13, which represents the fastest 1,000-point jump in history. In 2017, the Dow increased by 5,000 points for the first time in history.
2. Job Creation In December Smashed Expectations
Companies hired 250,000 new workers in December which smashed Wall Street projections that forecasted only 190,000 new jobs.
3. Job-Cut Announcements In 2017 See Lowest Level Since 1990
On Thursday, CNBC reported: “U.S. employers announced plans to cut 32,423 jobs in December, bringing the year’s total to a low not seen since 1990”
4. Manufacturing In The U.S. Had Its Best Year In 2017 Since 2004
On Wednesday, Bloomberg reported: “U.S. manufacturing expanded in December at the fastest pace in three months, as gains in orders and production capped the strongest year for factories since 2004.”
5. Approximately 100 Companies Have Announced Or Are Planning To Announce Bonuses, Wage Hikes, And Charitable Donations Due To GOP Tax Reform
The list of companies, compiled by Americans for Tax Reform, includes: AT&T, AAON, AccuWeather, Aflac, American Airlines, American Bank, American Savings Bank, Aquesta Financial Holdings, Associated Bank, Ball Ventures, Bank of America, Bank of Hawaii, Bank of the James, BB&T, Boeing, Canary LLC, Carl Black Automotive Group, Citizens Financial Group, Colling Pest Solutions, Comcast, Comerica Bank, Commerce Bank, Community Trust Bancorp, Copperleaf Assisted Living, Cornerstone Holdings, Dayton T. Brown Inc., Delaware Supermarkets Inc., DePatco Inc., Eagle Ridge Ranch, East Idaho News, Elite Roofing Systems, Elite Clinical Trials, Emkay Inc., Ennis Inc., Express Employment Professionals, Fifth Third Bancorp, FirstCapital Bank of Texas, First Farmers Bank & Trust, First Financial Northwest, First Hawaiian Bank, First Horizon National Corp., Frank L. VanderSloot Foundation, Fort Ranch, Gardner Company, Gate City Bank, Get Found First, HarborOne Bank, IAT Insurance Group, INB Bank, InUnison Inc., Kansas City Southern, Kauai Cattle LLC, Melaleuca, Move It Or Lose It Moving LLC, National Bank Holdings Corporation, Nationwide Insurance, Natural Guardian, Navient, Nelnet, Nephron Pharmaceuticals, OceanFirst Financial Corp., Ohnward Bancshares, Old Dominion Freight Line Inc., Pinnacle Bank, Pioneer Credit Recovery, PNC Financial Services Group, Inc., Regions Financial Corporation, Resident Construction LLC, Riverbend Communications, Riverbend Management, Inc., Riverbend Ranch, Riverbend Services, Royal Hawaiian Heritage Jewelry, Rush Enterprises, Sheffer Corporation, Sinclair Broadcast Group, Smith Chevrolet, Smith Honda, Smith RV, Southwest Airlines, Steel Design LLC, SunTrust, TCF Financial Corporation, The Flood Insurance Agency, Territorial Savings Bank, Texas Capital Bank, Tokio Marine HCC, Total System Services, Turning Point Brands, Inc., Unity Bank, U.S. Bancorp, Washington Federal, Wells Fargo, Western Alliance, Willow Creek Woodworks, Windsor Federal Savings, and Zions Bank.