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IGNITING A HISTORIC ECONOMIC BOOM: President Trump’s pro-growth policies are unleashing economic growth and providing opportunities to workers across the country.

  • Due to President Trump’s pro-growth policies, real gross domestic product (GDP) growth exceeded 3 percent over the last four quarters.
  • Real GDP grew at annual rates of 3.4 percent in the third quarter of 2018 and 4.2 percent in the second quarter.
  • More than 5 million jobs have been created since President Trump’s election and the unemployment rate remains below 4 percent.
  • This is the eighth time this year that the unemployment rate has been below 4 percent.
  • Prior to this year, the unemployment rate had fallen below 4 percent only five times since 1970.
  • The unemployment rate for African Americans in May fell to 5.9 percent, which is the lowest rate on record.
  • Asian and Hispanic-American unemployment rates have reached record lows this year.
  • Initial weekly jobless claims have hit a nearly 50-year low under President Trump.
  • Under President Trump, job openings outnumber the unemployed for the first time on record.
  • Recently, more than two-thirds of Americans rated “now” as a good time to find a quality job, tying a record high in a poll by Gallup.
  • Americans are seeing more money in their pockets thanks to the booming economy.
  • In recent months, workers have seen their largest nominal year over year wage growth in nearly a decade.
  • In 2017, real median household income rose to a post-recession high.
  • President Trump’s policies are helping to lift Americans out of poverty.
  • African-American and Hispanic-American poverty rates reached record lows of 21.2 percent and 18.3 percent, respectively, in 2017.
  • Since the election, 4.6 million Americans have been lifted off of food stamps.
  • Consumer confidence has soared under President Trump, recently reaching an 18-year high.
  • President Trump is delivering on his promise to bring back American manufacturing.
  • The National Association of Manufacturers’ Outlook Index had the highest annual average in its history over the past year.
  • Manufacturing added 284,000 jobs in 2018, the most added in a year since 1997
  • Small Business optimism jumped to a record high under President Trump, according to a survey by the National Federation of Independent Business (NFIB).
  • The NFIB’s Small Business Optimism Index broke a 35-year record in August.
  • President Trump signed the Tax Cuts and Jobs Act into law, ushering in the largest package of tax cuts and reforms in American history.
  • These tax cuts are delivering real results for American families and workers.
  • More than 6 million workers received tax cut bonuses and benefits.
  • More than 100 utility companies have announced lower rates.
  • President Trump is ensuring American workers receive the training and education they need to compete in today’s economy.
  • President Trump signed an executive order establishing the National Council for the American worker.
  • More than 185 companies and associations have signed our “Pledge to America’s Workers,” promising more than 6.4 million new training and career opportunities.
  • The President signed legislation that reauthorized the Carl D. Perkins Career and Technical Education Act, making more than $1 billion available for career education programs.
  • President Trump has prioritized the economic empowerment of women.
  • The women’s unemployment rate recently reached its lowest rate in 65 years.
  • The Small Business Administration lent approximately $500 million more in capital to women-owned businesses in 2017 compared to 2016.
  • The Administration helped launch the Women Entrepreneurs Finance Initiative, which could leverage more than $1 billion to support women entrepreneurs.

ROLLING BACK RED TAPE: President Trump is rolling back costly regulations that have burdened hardworking Americans and stifled innovation.

  • President Trump has followed through on and exceeded his promise to roll back two regulations for every new one created.
  • President Trump’s Administration surpassed the 2:1 ratio in 2018, eliminating 12 regulations for every new one in 2018.
  • In 2017, the Trump Administration eliminated 22 regulations for every new one.
  • Since taking office, President Trump’s deregulation efforts have achieved $33 billion in regulatory savings.
  • In 2018, these efforts alone delivered $23 billion in benefits to American families and business owners.
  • President Trump has signed 16 Congressional Review Act resolutions into law, eliminating burdensome Obama-era rules and regulations.
  • President Trump announced U.S. withdrawal from the Paris Climate Agreement, which would have harmed America’s economy and cost American workers millions of jobs.
  • President Trump signed an executive order to streamline the permitting process for infrastructure projects with a goal of cutting approval time from up to 10 years to an average of 2 years.
  • President Trump signed legislation to roll back burdensome Dodd-Frank regulations that harmed community banks.

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