Photo of Donald Trump

Fact Sheet - President Donald J. Trump Has Ushered In An Unprecedented Era Of Economic Prosperity

February 04, 2020

The American Dream is back — bigger, better, and stronger than ever before. No one is benefitting more than America's middle class. --President Donald J. Trump

DRIVING A NEW ERA OF ECONOMIC SUCCESS: President Donald J. Trump is upholding his promise to rejuvenate the economy and deliver a new era of prosperity for American workers.

  • President Trump's pro-growth agenda of tax cuts, deregulation, trade reform, and energy independence has delivered incredible results over the past 3 years.
  • The President's policies are lifting up American workers and providing new opportunities and hope to millions of Americans.
  • Job creation is booming, incomes are rising for workers across all levels, and poverty is falling thanks to President Trump's actions.

CREATING OPPORTUNITY FOR ALL: The booming economy is creating millions of jobs for American workers.

  • More than 7 million jobs have been added to the economy since President Trump's election.
  • Unemployment has fallen to historic lows, and there are more job openings than job seekers for the first time on record.
    • Job openings have exceeded job seekers for 21 consecutive months.
  • The unemployment rate has dropped to levels unseen in half a century.
    • The unemployment rate stands at 3.5%, matching its lowest level since 1969.
    • The unemployment rate has been at or below 4% for 22 consecutive months.
  • Americans of all backgrounds are thriving thanks to this economic revival.
    • The unemployment rates for African Americans, Hispanic Americans, and Asian Americans have all reached record lows under President Trump.
    • The unemployment rate for women reached its lowest level in nearly 70 years.
  • Workers are coming off the sidelines and back into the labor market by the millions to fuel the continued growth of the economy.

LEAVING NO AMERICAN BEHIND: President Trump's economic resurgence is lifting up all Americans.

  • Thanks to President Trump's tax reform, Opportunity Zones are restoring hope to communities that were neglected.
    • Nearly 9,000 Opportunity Zones have been designated in communities across the country, incentivizing investment in economically distressed areas.
  • Almost 2.5 million Americans have been lifted out of poverty, including nearly 1.4 million children.
  • The poverty rates for African Americans and Hispanic Americans are at record lows.
  • Wages are rising fastest for low income workers, a reverse from the trends under the previous administration.
    • Workers are now seeing even larger wage gains than managers.
  • Under President Trump, the bottom half of households in our Nation have seen their net worth grow by 47%—more than three times faster than the top 1%.

Donald J. Trump, Fact Sheet - President Donald J. Trump Has Ushered In An Unprecedented Era Of Economic Prosperity Online by Gerhard Peters and John T. Woolley, The American Presidency Project

Filed Under



Simple Search of Our Archives