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What happened to the American economy after Trump came to power?
Aug 08, 2017

In August 8th, according to U.S. media reports, the latest employment data show that since the first half of this year, the Trump administration in July, the U.S. unemployment rate fell to a minimum of 16 years, 209 thousand new jobs, the housing market is thriving, foreign trade deficit has declined.

So, Trump took office for 200 days, the economic situation is really so good? Let's take a look at the figures.

work

In July, the U.S. unemployment rate was 4.3%, down to 16 year minimum. 209 thousand new jobs.

In addition, average hourly wages rose by 2.5% in July compared with a year earlier, but the Fed would like to see a growth rate of 3% to 3.4%. Owners feel less pressure to offer higher salaries to attract employees.

housing price

Currently, the U.S. housing market is very hot, the average transaction price in June this year was $263 thousand and 800, up 6.3% over a year ago. June this year is also the sixty-fourth consecutive monthly average housing growth.

At present, many Americans can afford to borrow money to buy a house, even though recent interest rates have gone up, with an average interest rate of 30 at 3.93%.

loan

People are buying more than just loans, buying loans, buying a car, or paying a lot of other things with credit cards, which shows that Americans are more likely to buy more.

In May, Americans made a total of $3 trillion and 843 billion, up from $3 trillion and 766 billion at the end of last year.

Reported that the proportion of commercial lending loans growth, which is a good sign of the economic situation, which means more owners borrowing for enterprise development.

consumption

The large chain stores, such as Messi, Kohl s, J.C. Penney "at the end of July report showed growth, but growth is not significant.

The main reason is that the electricity supplier competition is fierce, electricity supplier tycoon Amazon is one of the reasons. But reports show Americans spend less on clothes, toys and other small goods.

Retail sales in the US fell 0.2% in June, and are expected to rise later. Overall consumption in June increased by only 0.1%.

Trade

Trump seems to want more consumers around the world to buy American goods, and that seems to be on the horizon.

In June, America's trade deficit was slightly lower than it was three months ago, to $43 billion 600 million. The figure was the lowest month after Trump's election.

In June, the United States increased exports to Canada and Mexico.

shares

After Trump proved his ability, the panic in the stock market dropped and stabilized.

At present, the Dow Jones average has reached Trump's highest since taking office, an increase of nearly 4000 points, an increase of 12% over last year.








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