Trump Economic Scorecard Since Taking Office

Trump

Trump took to twitter on Tuesday, to tell his followers that “Had the opposition party (no, not the Media) won the election, the Stock Market would be down at least 10,000 points by now. We are heading up, up, up!”

Stocks are impressive, but there’s more to this story than just equities. Focusing on other key metrics can reveal just how strong the economy is under Trump’s leadership.

Job and Wage Growth

Job growth has been phenomenal under Trump. Since February 2017, 4.88 million jobs have been created. An average of 200,000 jobs have been created every month. This is an improvement upon the monthly average of 186,000 under President Obama, and 61,000 under President Bush.

Wages are increasing at a rate of 2.5%. higher than the 2.2% under President Obama. However, growth still falls short of President Bush at 3.3%, and President Clinton at 3.5%.

Overall, wages and jobs are growing at an impressive and sustainable rate, giving citizens confidence in Trump’s economic policy.

Gross Domestic Product

GDP is seen by economists as the key indicator of success. Trump’s administration has overseen impressive growth, including a 3.4% third quarter in 2018. Median quarterly growth during Trump’s presidency stands at 2.8%, an excellent figure for a highly developed economy.

Trade Deficit

Reducing the trade deficit is a key policy for Trump. This is proving difficult to achieve, even with extensive trade tariffs levied against China and other markets. The median monthly trade deficit under President Trump is $46.4 billion. In 2018, the monthly deficit reached a 9-year high with a figure of $56.6 billion.

The President is working to address this through negotiations with key trade partners.

Homeownership

Home ownership is often taken as a signal of economic performance and consumer confidence. Despite an expensive home market, the national ownership figure has increased under President Trump. This can be attributed to better household confidence and low interest rates.

The current rate is 64.4%, the highest it has been since 2016. The ten-year peak for home ownership was in late 2009, when the rate hit 67.5%.

Trump An Excellent Scorecard Considering Significant Economic Challenges

Trade disputes, extended government shutdowns, and strong division in Congress have all been overcome by the Trump administration. America’s economy may be slowing, but the growth is still impressive when breaking the figures down. A strong stock market only helps to reinforce Trump’s improvements in many areas.

Partisan politics often draw attention away from facts. However, these figures show that the last two years have been some of the most impressive in recent memory.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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