"White House – DRIVING A RECORD-SETTING ECONOMY: The booming economy and strong labor market allow Americans of all backgrounds to find work and succeed.
♦ The current labor market revival is not a continuation of past trends, but instead a direct result of President Trump’s pro-growth policies.
- Since President Trump was elected, more than 7 million jobs have been added to our economy – surpassing the Congressional Budget Office’s predictions by 5 million jobs.
- This year, the unemployment rate has fallen to 3.5%, its lowest level in 50 years.
- Unemployment for African Americans, Hispanic Americans, Asian Americans, veterans, individuals with disabilities, and those without a high school diploma have all reached record lows under President Trump.
- The President’s policies are bringing people off the sidelines and into the labor force.
- The prime age labor force has grown by 2.1 million under President Trump.
- The surge in labor demand has resulted in 7 million job openings, which outnumber job seekers by more than 1 million.
- Before President Trump took office, there had never been more recorded job openings than unemployed workers.
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