The Editors at Investor’s Business Daily call it “The Deplorables Boom.” President Trump’s policies have helped create over 445,000 manufacturing jobs since he entered office.
Let’s look at the numbers. Since Trump gained office, 4.4 million new jobs have been created. A big slice of that came from manufacturing. We were assured by any number of experts in recent years that manufacturing was “dead.” But in October some 32,000 new manufacturing jobs were created, for a total of 446,000 since Trump took office.
Boom Times For Factories
If you’re a factory worker, these are the best times in years. Indeed, since Trump entered office, 19,000 new factory jobs have been added every month. In the previous four years, the average was 8,000 a month.
Those who earn a weekly paycheck have discovered something unusual. Their pay is actually rising. Weekly earnings during October grew 3.4% from a year earlier, while average hourly earnings increased 3.1%, the fastest since 2009. If you were a production or nonsupervisory worker, your earnings rose even faster, by 3.2%
Teen unemployment has been a chronic problem. But it now stands at just 11.9%. That’s the lowest since December of 1969, the year Woodstock took place.
Minority Workers: Record Jobs
OK, but what about minority workers? In October, the unemployment rate for Hispanic-Americans stood at just 4.4%. Go ahead and look back at the records. It’s never been that low before.
African-American unemployment, meanwhile, stood at 6.2% for the month — only a few tenths of a percentage point above the all-time low of 5.9% set last May.
Asian-American joblessness remained at an ultralow 3.2%, also near its record low.
Yes, these are great times for all those forgotten Americans that Hillary Clinton once dubbed “deplorables.” Indeed, the economic surge since Trump took office could justifiably be called the Deplorables Boom.