JGrimez
Bluelighter
- Joined
- Jan 23, 2018
- Messages
- 5,495
CBO Projects Highest Level Of Growth Of GDP In 15 Years
https://truepundit.com/another-trump-win-cbo-projects-highest-level-of-growth-of-gdp-in-15-years/
14 States Set Records For Low Unemployment Levels
http://thehill.com/homenews/state-watch/384414-14-states-hit-record-low-unemployment
https://truepundit.com/another-trump-win-cbo-projects-highest-level-of-growth-of-gdp-in-15-years/
President Trump is presiding over an economy that is soaring; according to the Congressional Budget Office?s budget and economic outlook, real Gross Domestic Product will grow by 3.3% from the fourth quarter of 2017 to the fourth quarter of 2018. That would be the highest level of growth in 15 years.
The CBO report states, ?In CBO?s projections, real GDP expands by 3.3 percent this year and by 2.4 percent in 2019. It grew by 2.6 percent last year.? As CNS News reports, ?The last time real GDP grew by more than 3.3 percent from the fourth quarter of one year to the fourth quarter of the next was in 2003, when it grew by 4.4 percent, according to the historical data published by the Bureau of Economic Analysis.?
And guess who is responsible for this good news? A GOP president and Congress, apparently. CBO notes, ?CBO significantly boosted its projections of the growth of real GDP in 2018 and 2019, mostly because of the recent changes in fiscal policy.?
14 States Set Records For Low Unemployment Levels
http://thehill.com/homenews/state-watch/384414-14-states-hit-record-low-unemployment
We were told the economy would tank with President Donald Trump in office; instead, there?s been a noticeable economic boom thanks in large part to Trump-era deregulation and Republican-passed tax cuts. In fact, under the Trump economy, 14 states have hit record low unemployment levels.
As reported by The Hill, eight states hit new lows in unemployment levels in March: Hawaii at 2.1%, Idaho at 2.9%, Kentucky at 4.0%, Maine at 2.7%, Mississippi at 4.5%, Oregon at 4.1%, Wisconsin at 2.9%, and California at 4.1%. Moreover, Colorado has a low rate of 2.6%, North Dakota set a new low last year, and Texas hit a low of 3.9% in November. Tennessee also set a state record at 3.3% in January.
According to a new U.S. Bureau of Labor Statistics report, ?The largest job gains occurred in California (+321,000), Texas (+294,100), and Florida (+173,100). The largest percentage gains occurred in Idaho and Utah (+3.3 percent each), followed by Nevada (+2.9 percent), according to the agency,? notes Newmax.
Average hourly earnings of non-farm employees rose to $26.82 in March.