The economic good news just keeps rolling on along with the Trump Train these days – much to the relief of millions of Working Class families who suffered terribly under the yoke of the Obama years.
The Bureau of Labor Statistics released its newest jobs report on Friday, and the data clearly show, under the pro-business policies implemented by the Trump administration, low-income and working-class families are enjoying significant economic gains not experienced in nearly 20 years.
Democrats and liberal pundits have argued the recent economic improvements are only helping a relatively small, mostly wealthy segment of the country, but nothing could be further from the truth. According to BLS, the national unemployment rate for December was 4.1 percent, a 0.6 percentage point drop from December 2016. That’s an impressive figure, especially since the unemployment rate stayed flat at 4.9 percent from January 2016 through October 2016, the final month before Trump’s election victory. But what’s especially remarkable is the extent to which working-class Americans are profiting under Trump and Republican leadership in Congress.
Left-leaning Democrats and liberal pundits have said repeatedly over the past century the only way to get the economy moving forward is for government to take greater control over markets, spend billions or even trillions of tax dollars, and redistribute wealth. The Trump administration and congressional Republicans have taken a completely different approach. It’s paying off for everyone, including working-class Americans.