The U.S. Labor Department released another strong employment report today. It showed that nonfarm payrolls expanded by 223,000, far exceeding expectations of most economists. The unemployment rate dropped to 3.8%, the lowest since April of 2000. For African Americans, the unemployment rate was the lowest on record, at 5.9%.
Donald Trump, unquestionably, had great economic news he had a right to gloat over with the jobs report posting on Friday, an increase of $313,000 jobs for the month of February. The stock market remains strong, the jobs are becoming more plentiful and there is optimism in the air.
Donald Trump's White House has introduced his infrastructure plan which he hopes will not only further fuel the economy which is currently running on high-turbo horsepower but to also build the country's sorely needed infrastructure fixes.
The general concept is to invest $200 million dollars of federal money and combine it with state and private investments.
President Donald Trump will be speaking to the nation Tuesday night on the eve of the successful trip to Switzerland and the passing of his tax plan. Also, he has laid out a plan of sorts to enable the “dreamers” to remain the the United States in exchanged with ending the immigration lottery and in exchange with $25 billion to fund his Mexican wall.
Last year, when he addressed the nation, about ten days after his inaugural speech, the President gave a sober speech in which afterwards, even the most liberal commentators congratulated him for staying on message.
Throughout most of his first year in office, President Trump has been saddled with low poll numbers. Politically, the President has been damaged by the ongoing Special Counsel investigation into Russian involvement in the 2016 election. Even though no “collusion” with the Russian government has been uncovered by prosecutor Robert Mueller, the investigation has resulted in two guilty pleas and indictments of two former Trump campaign officials.
Today, Donald Trump engaged in a teleconference with members of the US military across the seas and told them that they had something to fight for.
"We're doing well at home. The economy is doing really great," he said. "When you come back, you are going to see with the jobs and companies coming back into our country and the stock market just hit a record high. Unemployment is the lowest it's been in 17 years. So you're fighting for something real, you're fighting for something good."