Economy Looking Positive
Trump’s plan is to increase the current economic growth from 2% to 3%. Any growth would be great for the economy.
July saw more Americans working and searching for work. It is believed as the wage rates increase and unemployment remains low that more people will search for work.
July reports indicated that about 53,000 people were employed at bars. The health sector added about 39,000 jobs. The manufacturing Sector employed about 16,000 workers.
Increases were seen in the mining and business sectors as well. These numbers speak for themselves about how well the job sector is doing.
Chris Gaffney who is the President of Everbank World Markets talked about wage increases. He said “There are still questions about when we’re going to see that spike.”
He asked “are we going to see more wage increases for U.S. workers?”
Wage growth rose by 2.5% for July. A comparison was made between July and the previous year. 3.5% in growth is the number the Federal Reserve is hoping for.
July has been reported as the 82nd continual Month of job growth. This is a good trend, it shows a consistency of job growth.
Since job growth means economy growth, the economy will only improve.
Some Economist believes the Country is soon at full employment. All looks well for the economy and all looks good for the employment sector.
