President Donald Trump
President Donald Trump

BUILDING CONFIDENCE IN THE AMERICAN ECONOMY: Since President Donald J. Trump’s election, economic indicators have responded with record confidence to his pro-growth agenda. 500,000 New Job

  • Today, the National Association of Manufacturers released its Manufacturers’ Outlook Survey showing the highest level of optimism in 20 years.
  • The Dow Jones Industrial Average is up over 12 percent since Election Day 2016.
  • The Weekly Gallup Economic Confidence Index turned positive shortly after the President’s election and has remained positive for 19 consecutive weeks.
  • The Business Roundtable’s CEO Economic Outlook Index recently jumped 19 points, the largest jump since 2009.
  • The National Association of Home Builders Confidence Index currently is at its highest level in 12 years.
  • The Gallup Small Business Index reflects the most optimistic small business owners have been since July 2007.
  • The Conference Board Consumer Confidence Index recently soared to its highest level in more than 16 years.
  • The American Dream Index recently rebounded to 100.5, up from a 12-month low point in December, the final full month of the Obama administration.

EARLY PROGRESS: In just the first full month of President Trump’s Administration, the United States economy has already made promising strides in the job market.

  • In February, the President’s first full month in office, the U.S economy created 235,000 new jobs.
    • 58,000 new construction jobs were created.
    • 28,000 new manufacturing jobs were created.
  • In February, the U.S. unemployment rate fell to 4.7 percent.
  • In February, the U.S. labor force participation rose to 63 percent.
  • In February, long-term unemployment in the U.S. fell by 49,000.

IMPLEMENTING JOB CREATING POLICIES: President Trump is executing an agenda that favors the American worker.

  • President Trump signed a Presidential Memorandum creating the White House Office of American Innovation, which will implement policies and scale proven private-sector models to spur job creation.
  • President Trump ordered the United States to withdraw from the Trans-Pacific Partnership agreement and negotiations.
  • President Trump initially signed a Presidential Memorandum to clear roadblocks to construction of the Keystone XL pipeline and recently his Administration formally approved the project.
  • President Trump signed a Presidential Memorandum declaring that the Dakota Access pipeline serves the national interest and is being prepared to be put into service.
  • President Trump signed a Presidential Memorandum to help ensure that new pipeline construction and repair work uses materials and equipment from the United States.

CUTTING GOVERNMENT RED TAPE: President Trump has quickly taken steps to get the Government out of the way of job creation.

  • President Trump signed an Energy Independence Executive Order to help eliminate burdensome regulations on America’s energy industry.
  • President Trump directed each agency to establish a Regulatory Reform Task Force to identify costly and unnecessary regulations in need of modification or repeal.
  • President Trump has required that for every new Federal regulation, two existing regulations be eliminated.
  • President Trump directed the Department of Commerce to streamline Federal permitting processes for domestic manufacturing and to reduce regulatory burdens on domestic manufacturers.
  • President Trump signed legislation, House Joint Resolution 38, to prevent the burdensome “Stream Protection Rule” from causing further harm to the coal industry.
  • President Trump ordered the review of the “Clean Water Rule: Definition of Waters of the United States,” known as the WOTUS rule, to evaluate whether it is stifling economic growth or job creation.

PARTNER OF THE PRIVATE SECTOR: President Trump has worked hand-in-hand with the private sector to get companies re-investing in America.

  • Exxon Mobil Corporation announced a $20 billion investment in the United States, which will create more than 45,000 jobs.
  • Charter Communications announced a $25 billion investment in the United States, and that it will hire 20,000 American workers in the next four years.
  • Accenture announced the creation of 15,000 new high skilled jobs in the next four years and a $1.4 billion investment in training its own employees.
  • Intel announced a $7 billion investment in a new factory in the United States, supporting over 10,000 jobs.
  • Fiat Chrysler announced a $1 billion investment to modernize two plants in the United States, creating 2,000 jobs.
  • General Motors announced plans to invest $1 billion in the United States, creating over 1,000 new jobs.
  • Ford announced the cancelation of a plant in Mexico, while adding 700 jobs in Michigan.

FOLLOWING THROUGH FOR THE AMERICAN PEOPLE: President Trump campaigned on jumpstarting the economic engine of America so businesses could grow and Americans could get back to work.

  • As a candidate, Mr. Trump promised “I am going to bring back the jobs that have been stripped away from you and your country.”
  • As a candidate, Mr. Trump promised “we will make America the best place in the world to start a business; we’ll hire workers, and we’ll open factories.”
  • As a candidate, Mr. Trump promised “we will also get rid of wasteful rules and regulations, which are destroying our job-creation capacity.”
  • Source The White House Office of the Press Secretary