Wednesday, May 16, 2018
The good news this month began with an incredible jobs report. The unemployment rate fell to 3.9 percent, falling under 4 percent for the first time since 2000. Even better, unlike during the Obama presidency, the low jobless rate was not due to people giving up and leaving the workforce. Instead, since Trump's election, almost 1 million new workers have re-entered the labor market. That movement toward self-sufficiency reaps myriad benefits for our society including more stable families, lower crime, and less government dependency. In fact, an amazing 2 million Americans stopped receiving food stamps during fiscal 2017.
(cont.) In addition, the quality of the jobs improved as wages accelerated in the first quarter of 2018 at the fastest pace in a decade. This trend particularly benefits minorities. For example, in U.S. history, Hispanic unemployment has registered below 5 percent for only seven months, ever. Amazingly, six of those seven months have occurred in the past year under the pro-growth policies of this president. If President Trump is as racist as media pundits claim he is, he's remarkably bad at it.
A strong America at home supports a strong America abroad as well. On the international scene, this commander in chief, in contrast to his two predecessors, is restrained in his use of American might, but also clear-eyed in his admonitions to our adversaries.
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