Economist Stephen Moore made it clear on CNN Friday that the economy is booming under President Donald Trump and its his leadership Americans have to thank for record unemployment and surging wages.
Moore’s comments came after Trump criticized the Federal Reserve for continuing to increase interest rates.
On Thursday, Trump said he was “not thrilled” by the Fed’s actions. By Friday, Trump blasted the Fed for “taking away” America’s “big competitive edge” with China and the European Union.
“When it comes to the economy, you’ve got 4.5 percent growth, you’ve got the lowest unemployment rate in virtually 30, 40 years, you’ve got low inflation,” Moore explained.- READ MORE
[divider][/divider]Newly released statistics reinforce the notion that the U.S. economy has responded positively to the presidency of Donald Trump as the current administration enters its 18th month in office.
According to statistics from Fox News Research, the number of Americans who are currently working part-time jobs because their hours were cut back at work or because they couldn’t find a full-time job has dropped by over one million since June 2016, during former President Barack Obama’s presidency.
Americans working part time because hours were cut back or they couldn’t find a full-time job:
•June 2010: 8.6M
•June 2011: 8.4M
•June 2012: 8.1M
•June 2013: 8.1M
•June 2014: 7.4M
•June 2015: 6.4M
•June 2016: 5.8M
•June 2017: 5.3M
•June 2018: 4.7M (lowest since Dec 2007)— Fox News Research (@FoxNewsResearch) July 15, 2018
Unemployment currently is hovering around 4% after going as low as 3.8% in May after 223,000 jobs were added to the economy, and record-low unemployment levels have been hit in 2018 for the Hispanic and black communities. – READ MORE
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