Just days after the election of Donald Trump as president, the stock market jumped in a positive reaction to the news. And now, after a month in, there are a host of other great reasons for Trump to be smiling.
Unlike former President Barack Obama, Donald Trump is a businessman with real honest-to-goodness business experience who believes in capitalism and the American way. No community organizing for him!
Now, at the very least, we can give President Trump’s being in office to having a positive effect on both the stock market and the job market.
The Daily Mail reported:
U.S. companies added a whopping 298,000 new jobs in February, beating economists’ expectations by more than 100,000.
The report from ADP, a global human resources and payroll firm, provides the first hard economic numbers from Donald Trump’s first full month as president.
Trump tweeted a self-congratulatory note, calling the number ‘much more than expected!’
He also wrote Wednesday on Twitter about another similar measure, citing numbers from a new LinkedIn workforce report that showed strong job-adding numbers from January and February.
Those months ‘were the strongest consecutive months for hiring since August and September 2015,’ the president tweeted, mirroring the report’s language.
Construction jobs increased by 66,000 in February, and the manufacturing sector added 32,000.
Trump has pledged to dramatically improve the U.S. employment market in those sectors as he tries to lure businesses from overseas and stop jobs from fleeing across the border.
He has also promised $1 trillion in new infrastructure spending, another measure calculated to add jobs.
‘February proved to be an incredibly strong month for employment with increases we have not seen in years,’ Ahu Yildirmaz, vice president of the ADP Research Institute, said in a statement.
Mark Zandi, chief economist of Moody’s Analytics explained why companies are so optimistic when he told CNBC “Confidence is playing a large role, Businesses are anticipating a lot of good stuff – tax cuts, less regulation. They are hiring more aggressively.”
According to Right Wing News, “January’s new jobs numbers were also revised upward on Wednesday from 246,000 to 261,000. There is a lot of confidence in the business world out there with Trump at the helm. Something that was non-existent under Obama.”
The simple fact is that Donald Trump is having the positive effect on America of which Barack Obama could only aspire. President Donald Trump is already creating a legacy of winning, winning, winning!
Source: Right Wing News