President Donald Trump has turned much of the Washington establishment on its head during his first year in the Oval Office, and that certainly won’t be changing for 2018 either.
Trump’s candidacy was originally considered a joke by the mainstream media, as well as by many pundits in the free press, who believed that the shrewd businessman may have been mining for attention, rather than displaying his political aspirations. Then, all hell broke loose in the republican party, and Trump was soon headed to the White House.
How would America react? Certainly, Trump was an unconventional choice for President by qualifications alone. He is the first President of the United States with no military or political services prior to taking office – something that the democrats used incessantly on the campaign trail as a shallow insult. Trump’s only real qualification for the job seemed to be his impeccable business acumen and his through understanding of how to get a deal done…and that is just fine.
In the months that followed Trump’s inauguration, we began to experience an economic boom known as The Trump Effect, in which the entire planet looked to the U.S. with fiscal confidence. Companies who had once shipped jobs overseas were returning to America and investing in our nation’s workforce. Chrysler and Ford cars that were once made in Mexico and abroad were now being assembled in the U.S.A.
Piece by piece, our nation’s fiscal outlook became a cohesive and enthusiastic one, with confidence in the American consumer soaring. Prosperity begets prosperity, ipso facto, here we are, with jobless claims in America as low as they’ve been since 1973.
“U.S. filings for unemployment benefits plummeted to the lowest level in almost 45 years in a sign the job market will tighten further in 2018, Labor Department figures showed Thursday.
“The drop in claims shows that companies are increasingly holding on to their employees amid a shortage of skilled labor. Businesses are struggling to find workers to fill positions, particularly in manufacturing and construction, as cited in some anecdotes for the Federal Reserve’s Beige Book released Wednesday.“The figures suggest the unemployment rate of 4.1 percent, already the lowest since 2000, could be poised to decline further. The latest week for claims includes the 12th of the month, which is the reference period for the Labor Department’s monthly employment surveys.”