Seven Data Points That Show President Trump's Economy is Booming

Katie Pavlich / Townhall Tipsheet

President Trump has been touting his administration's economic achievements as he campaigns around the country, through the White House press shop and on Twitter.

Presidential Approval numbers are very good - strong economy, military and just about everything else. Better numbers than Obama at this point, by far. We are winning on just about every front and for that reason there will not be a Blue Wave, but there might be a Red Wave!

— Donald J. Trump (@realDonaldTrump) August 5, 2018

But the talk of roaring success is backed up by hard numbers, not simply President Trump's claims.

1. Unemployment is down

BREAKING NEWS: The U.S. economy added 157,000 jobs in July, below analyst expectations. The unemployment rate came in at 3.9%, matching expectations, while wages increased by 0.26%. #JobsReport https://t.co/wKB0MdF3If pic.twitter.com/D4ZgMPk6Yj

— FOX Business (@FoxBusiness) August 3, 2018

2. GDP is at 4.1 percent

They said it couldn’t be done… pic.twitter.com/gqxL1ErE7J

— The White House (@WhiteHouse) July 27, 2018

3. Millions of Americans are no longer receiving welfare

Millions drop off of ‘SNAP’ under Trump pic.twitter.com/CAjXVgtzTA

— Fox News (@FoxNews) August 6, 2018

4. Factory jobs are back. From the Wall Street Journal:

5. Manufacturing is growing

37,000 manufacturing jobs added in July. https://t.co/wKB0MdWEzN pic.twitter.com/adfu13ZcPj

— FOX Business (@FoxBusiness) August 6, 2018

6. Wages are increasing

U.S. workers saw the largest increase in wages and benefits since September 2008, according to a new report from the Labor Department on Tuesday.

The employment cost index, a gauge of total compensation for civilian workers, increased 0.6% in the second quarter. The cost of pay and benefits jumped 2.8% in the 12-month period ended in June, the highest yearly growth rate in nearly a decade.

Wages alone gained 2.8% over the past 12 months, which also reflected a near 10-year high.

7. The DOW continues its record run

Source: tradingeconomics.com