JOBS ADDED TRIPLED EXPECTATIONS
- The economy added 162,000 jobs in July, more than triple what economists had forecasted.
- President Trump is committed to rebuilding the economy that Joe Biden and Democrats destroyed.
- In August, the economy added 16,000 manufacturing jobs and 22,000 construction jobs.
- The economy has added over 1 million private sector jobs since President Trump took office.
- Federal government employment is down by 336,000.
- Since President Trump took office, 1,314,000 native-born Americans have gained employment.
- 1,681,000 native-born Americans have also joined the labor force.
WAGES AND PAYCHECKS ARE INCREASING UNDER PRESIDENT TRUMP
- Average hourly earnings are up 3.1% from one year ago.
- Thanks to the Working Families Tax Cuts, the average tax refund was up almost 11% from one year ago.
- Analysis shows that 97% of Americans received a tax cut this year.
- Due to the provisions of No Tax on Tips, Overtime, and Social Security, the average tax refund was over $3,400 this year.
- Americans earning $15,000-$80,000 per year are receiving an average tax cut of 15%.
- Average tax refunds were up 24% compared to the four-year average of refunds under Joe Biden.
- In just one year under President Trump, have made up all the wages they lost under Biden.
- Real earnings for private-sector workers outpaced inflation by nearly $1,400 during President Trump’s first year in office.
PRESIDENT TRUMP IS LOWERING PRICES
- President Trump is bringing down prices after record-high inflation under Joe Biden.
- Core inflation has lowered since President Trump took office.
- Many common household staples have all seen prices fall since President Trump took office including flour, white bread, bacon, chicken, American cheese, ice cream, strawberries, potatoes, and eggs.
- Private companies are responding to President Trump’s call to deliver price reductions on everyday goods and services for Americans:
- Walmart has lowered prices on thousands of everyday items.
- Costco dropped prices on many of its most popular Kirkland products.
- Kroger slashed prices on thousands of items.
- Giant Eagle dropped prices by an average of 10% of more than 300 products.
DRUG COSTS ARE FALLING AT HISTORIC RATES
- Thanks to President Trump, prescription drug prices have fallen 3.0% over the last year while over-the-counter medications have dropped 1.7%.
- The drug price drop in July is the largest annual decline in over 60 years.
- Last year, President Trump signed an executive order establishing Most-Favored-Nation drug pricing, which forces drug companies to lower prices so Americans can pay a fair price for their prescriptions.
- President Trump demanded leading pharmaceutical manufacturers to outline how they must bring down the cost of prescription drugs to match the lowest price of other nations.
- Americans will now pay the lowest cost for prescription drugs that other nations have been paying.
- Since then, the president has been able to secure deals with 26 major pharmaceutical companies including covering 89% of the brand-name drug market.
- TrumpRx is a direct-to-consumer government website allows Americans to purchase dozens of popular prescription drugs at a discounted price negotiated by the government.
- Americans can print coupons or download them to their phones which can be used at pharmacies for reduced drug costs.
- TrumpRx has already helped Americans save $700 million.
- Medication costs for arthritis, obesity, infertility, and other chronic conditions will all be lowered.
- These deals with major pharmaceutical companies could save the economy $529 billion over the next ten years.
BUYING AND RENTING A HOME IS BECOMING MORE AFFORDABLE
- The average 30-year mortgage rate is lower since President Trump took office.
- Average rent prices are also down compared to one year ago and have fallen year-over-year for three straight years.
- Median home prices fell 2.3% in July and is lower than one year ago.
TRILLIONS OF NEW INVESTMENTS IN AMERICA ARE CREATING NEW JOBS
- President Trump has secured trillions of dollars’ worth of investments, creating good paying jobs within the United States.
- In August alone:
- SpaceX announced a $100 billion investment to build the world’s largest launch facility in Louisiana, creating 3,000 jobs.
- Amazon announced plans to invest an additional $6 billion for a third data center in Louisiana, bringing the total investment in the state to $18 billion.
- Bristol Meyers Squibb announced a $2.3 billion investment to build a pharmaceutical manufacturing campus in Houston, creating 500 jobs.
- Orders for business equipment recently increased to levels not seen since 2020.
- Shipments of machinery and equipment doubled expectations, signaling the expansion of multiple industries.
- For the eighth month in a row, the manufacturing sector grew.
- 60% of manufacturers say they’re actively hiring.
DEREGULATION IS SAVING MONEY FOR THE AMERICAN TAXPAYER
- President Trump is slashing red tape to help Americans save money.
- The President’s regulatory efforts are expected to save over $5 trillion for American families and businesses.
- This past December, President Trump ended the Biden-era emissions standards which led to higher costs for vehicles.
- This move will save American families $109 billion over the next five years.
- President Trump also eliminated the Obama-era “Endangerment Finding” which allowed unelected bureaucrats to impose trillions of dollars of hidden costs on American families.
- This deregulation action will save American taxpayers over $1.3 trillion.
REPUBLICAN STATES ARE LEADING THE CHARGE
- 17 of the top 21 states with the lowest unemployment rates are led by Republican governors.
- Meanwhile 10 of the 11 states with the highest unemployment rates are led by Democrat governors.
This article originally appeared here.
