cut and pasted
seems he done not too bad
Since the 2016 election, the economy has added 7 million jobs, far exceeding the 2.0 million predicted by the Congressional Budget Office in its final pre-2016 election forecast. Under the Trump Administration, and for the first time on record, there are more job openings than unemployed people. In 2019, the U.S. unemployment rate has reached 3.5 percent, the lowest rate in five decades. Falling unemployment reduced the share of the population on unemployment insurance to the lowest level since recording began in 1967. Importantly, the African American unemployment rate has hit the lowest level on record, and series lows have also been matched or achieved for Asian Americans, Hispanic Americans, American Indians or Alaskan Natives, veterans, those without a high school degree, and persons with disabilities, among others.
Record-low unemployment rates are being set even as people are coming off the labor market’s sidelines. At the end of 2019, nearly three-quarters of people entering employment came from out of the labor force—the highest rate on record. And the prime-age labor force is growing under President Trump (+2.2 million), reversing losses under the prior administration’s expansion period (-1.5 million).
The Trump Administration’s policies are not only leading to more jobs but also to higher pay. While nominal wage growth for all private-sector workers has been at or above 3 percent for a year and a half, wage growth for many historically-disadvantaged groups is now higher than wage growth for more historically-advantaged groups—reversing trends observed over the Obama Administration’s expansion period, as shown in the figure below.
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The benefits of a strong labor market are widespread. Net worth held by the bottom 50 percent of households has increased by 47 percent under President Trump—more than three times the rate of increase for the top 1 percent of households. To put these gains into perspective, the growth in wealth for the bottom half of households under the Trump Administration is roughly three times the Federal spending on Supplemental Nutrition Assistance Program (SNAP or food stamps) from 2017 through 2019.