The Trump Economy: Yesterday DOW Closed at 26,656 for a New All-Time High

DOW 26,656 AND CLIMBING …

Today the DOW closed at 26,656 for a new all-time high.  The previous record was set in January 2018 at 26,616. Simply amazing! Yesterday the DOW reaches its 100th all time high since candidate Trump was elected President. The DOW is up almost 8800 points since Trump was elected. You might want to remember this bit of good news and what it has done for the economy and your 401k’s before you cast a vote in this November’s midterm elections. Its up to the American people if you want Anti-Trump, Resistance Democrats to control the power in the House of Representatives and Senate and watch all these economic gains come crashing down.

Currently the DOW is up again today.

The Dow Jones Industrial Average closed at a record high on Thursday, its 100th record close since Election Day 2016. The stock market index has been propelled higher by economic optimism and tax reform, which have boosted companies’ earnings.

The S&P 500 closed at a record for the 89th time Thursday since the election, and numerous S&P 500 component stocks set records. Shares of companies in various sectors of the economy set records on Thursday, evidence that the strong economy is benefiting many industries.

Remember when Donald Trump was elected on 11/4/2016 the DOW was 17,888 and down some 700 points. All of the LEFT know-nothings, Never-Trumpers and Left-wing media pundits said Trump would crash the economy and the stock markets. The same know-nothings and Leftist hacks said Trump’s tariffs would crash the economy and stock markets. They could never have been more wrong.

UPDATE I: Dow set for best week since July as stocks push deeper into record territory.

U.S. stocks rose in early trading on Friday, with Wall Street extending its recent uptrend and pushing further into record territory.

Where are the major benchmarks trading?

The Dow Jones Industrial Average DJIA, +0.15% rose 81 points, or 0.3%, to 26,738, hitting an all-time intraday high in early trading. The S&P 500 SPX, +0.15% gained 8 points to 2,939, a rise of 0.3% that took it to new records of its own. The Nasdaq Composite Index COMP, -0.11% which remains about 1% below record levels, rose 21 points, or 0.3%, to 8,049.25.

Jobless Claims Remain at Half-Century Low Initial Claims, Fell to 204,000 in the Week Ended Sept. 8, 2018

MORE GREAT ECONOMIC NEWS …

As reported at the WSJ, initial jobless claims have fallen to 204,000, the lowest level since December 1969. More great news for the Trump administration. How many good economic indicators must be done under President Donald Trump before it becomes obvious, the reason for the great economy is his policies and the tax cuts?

The number of Americans filing applications for new unemployment benefits fell last week, remaining at a half-century low for the second-straight week.

Initial jobless claims, a proxy for layoffs across the U.S., fell by 1,000 to a seasonally adjusted 204,000 in the week ended Sept. 8, the Labor Department said Thursday. This is the lowest level since December 1969. Unemployment benefit applications were near this level last week too.

Economists surveyed by The Wall Street Journal expected 210,000 new claims last week.

Data can be volatile from week to week. The four-week moving average of claims, a steadier measure, fell 2,000 to 208,000, also the lowest level since 1969.

Jobless claims have remained low in recent years, as the labor market continues to tighten and managers face difficulty finding qualified employees.

Thursday’s report showed the number of claims workers made for longer than a week declined by 15,000 to 1,696,000 in the week ended Sept. 1. The figure, also known as continuing claims, is reported with a one-week lag.

MAGA: 72% of Blue Collar Workers are OPTIMISTIC About Future and 67% of Blue Collar Workers are HAPPY!!!

THE FORGOTTEN MEN AND WOMEN ARE HAPPY AND OPTIMISTIC UNDER PRESIDENT TRUMP …

A new survey of white and blue collar employees have provided some amazing results. 72% of blue collar workers and 76% of white collar workers are optimistic about their future. Also, 67% of blue collar workers state they are happy at their work. The 2016 presidential election victory by Donald Trump was a victory for the forgotten blue collar men and women of America. Blue collar workers are very optimistic about the future.

By many measures, America’s blue-collar workers are confronting a challenging present and uncertain future. The twin threats of outsourcing and automation show few signs of slowing, causing some pundits to question whether the American dream remains attainable for working-class families.

However, research suggests the outlook for white-collar professionals may also be less than rosy. Whereas blue-collar workers have actually enjoyed rising wages in recent months, white-collar professionals have seen their pay remain largely stagnant. Plus, large-scale surveys indicate office workers are feeling deeply disconnected from their work, leading to burnout and poor performance.

Keep this in mind for the upcoming 2018 midterm elections. It is not about what the MSM tells you or a skewed poll, it’s always about the economy.

Small Business Optimism Surges to Highest Level Ever … Better Than Even Under Reagan

ANOTHER ECONOMIC RECORD FOR THE TRUMP PRESIDENCY …

As reported at CNBC, the NFIB Small Business Optimism Index jumped to 108.8 last month, an all-time high. This is the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. President Donald Trump is making good on his promise to “Making America Great Again.”

Main Street optimism hits new August high from CNBC.

U.S. small business optimism surged to a record in August as the tax cuts and deregulation efforts of President Donald Trump and the Republican-led Congress led to more sales, hiring and investment, according to a survey by the National Federation of Independent Business.

The NFIB Small Business Optimism Index jumped to 108.8 last month, the highest level ever recorded in the survey’s 45-year history and above the previous record of 108 in 1983, set during the second year of Ronald Reagan’s presidency. The August figure was up from a 107.9 reading in July.

The NFIB noted record readings for job creation plans and the amount of owners saying it was a good time to expand. Capital spending plans were the highest since 2007.

“Today’s groundbreaking numbers are demonstrative of what I’m hearing everyday from small business owners – that business is booming,” said NFIB President and CEO Juanita D. Duggan, in a press release Tuesday. “As the tax and regulatory landscape changed, so did small business expectations and plans.”

I guess Obama will take credit for this as well.

TRUMP Economy: 201,000 Jobs added in August 2018 … Unemployment at 3.9%

Another great jobs report courtesy of the Trump economy ….

As reported at CNBC, 201,000 jobs added to the U.S. economy in August as payroll and wage growth both beat expectations. Economists were predicting a 195,000 payroll gain. Jobs, jobs and more jobs added. Welcome to the Trump economy.

Long-awaited wage growth posted a recovery high in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.

Average hourly earnings rose 2.9 percent for the month on an annualized basis, while nonfarm payrolls grew by 201,000. Economists surveyed by Reuters had been expecting earnings to rise 2.7 percent, payrolls to increase by 191,000 and the jobless level to decline one-tenth of a point to 3.8 percent.

The biggest contributor to job gains was professional and business services, which added 53,000. Heath care grew by 33,000, wholesale trade rose by 22,000, and transportation and warehousing contributed 20,000 to the total.

There also were 6,000 new mining jobs in a profession that has added 104,000 positions since October 2016, primarily in support activities.

Construction also grew by 23,000, though manufacturing lost 3,000 positions.

Average hourly earnings increased 10 cents for the month to $27.16.