WINNING: Numbers in key economic agenda fall to historic levels under Trump

When research shows that President Trump has received overwhelmingly negative news coverage, it’s a pretty safe bet that they aren’t telling you the entire story. While the media spends time focusing on bogus conspiracy theories — like collision with Russia — they are failing to report on Mr. Trump’s accomplishments since taking office.

Granted, Trump’s first nine months as president haven’t been smooth sailing. With Congress at a basic standstill, you might think that the president’s accomplishments are few and far between. However, nothing could be farther from the truth. After eight years of Obama’s abuse of executive action, Trump has had ample opportunity to undo much of the damage Obama did in two full terms. Thankfully, Trump has kept himself busy doing just that.

Of course, Trump’s executive actions on immigration and national security have received the most press. With the media looking to spin every move Trump makes — ending DACA or banning travel from terror-laden countries — it’s a perfect opportunity for pundits to call Trump racist. However, when the media doesn’t have a narrative to spin, they tend to ignore the story completely.

For proof of this, look no farther than Trump’s economic agenda. While growth focused tax reform tries to make its way through Congress, Trump has wasted little time making changes where he has the authority. Shortly into his time in office, Trump went on a deregulation spree, setting businesses free to get the economy humming again. So far, the results have been even better than expected, with new unemployment claims reaching an astonishing new low.

From the Washington Examiner:

The total number of laid-off workers receiving unemployment benefits fell to 1.89 million at the end of September, the Department of Labor reported Thursday, the lowest such mark in nearly 44 years.

While you might expect progress to slow down due to recent natural disasters, experts have been pleasantly surprised with the quick bounce back:

And new claims for unemployment benefits dropped 15,000 to 243,000 in the first full week of October, according to the agency, as the job market bounces back from hurricane damage even faster than forecasters expected.

Low new jobless claims are a good sign. They indicate that layoffs are rare, and accordingly that job creation is strong.

Unemployment benefits are available for up to 26 weeks in most states. Fewer people are now receiving benefits of all duration than at any time since December of 1973, when the total workforce was much smaller. That is a reflection of the strength of the jobs market, and the availability of new positions for laid-off workers.

Prior to the landfall of Hurricanes Harvey, Irma, and Maria, claims had been running at ultra-low rates. With Texas and Florida now recovering, new claims again appear to be sinking to levels that indicate robust job creation. First-time claims in the states most affected by the storms are still high, but have fallen in recent weeks.

“The data suggest that payrolls will bounce back quickly after last month’s hurricane-related weakness and that the underlying trend in employment growth remains strong — more than strong enough to keep the unemployment rate declining,” noted Jim O’Sullivan, chief U.S. economist for High-Frequency Economics.

Despite this obviously good news, you won’t hear much about it from the mainstream media. Is it any wonder American voters no longer trust them?

[Note: This post was written by Michael Lee. Follow him on Twitter @UAMichaelLee]

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