(NationalSentinel) President Donald J. Trump has yet to enact major tax reforms and other measures he hopes will stimulate job growth and the economy after eight moribund years under his predecessor, but that doesn’t seem to matter: American businesses and industry appear to have faith that eventually he and the GOP Congress will follow through on pledges.
As reported by the UK’s Daily Mail, Trump’s first full month in office saw a net average gain of nearly 300,000 new jobs – 100,000 more than analysts had predicted:
The report from ADP, a global human resources and payroll firm, provides the first hard economic numbers from Donald Trump’s first full month as president.
Trump wrote Wednesday on Twitter about another similar measure, citing numbers from a new LinkedIn workforce report that showed strong job-adding numbers from January and February.
Those months ‘were the strongest consecutive months for hiring since August and September 2015,’ the president tweeted, mirroring the report’s language.
Construction jobs increased by 66,000 in February, and the manufacturing sector added 32,000.
Trump has pledged to dramatically improve the U.S. employment market in those sectors as he tries to lure businesses from overseas and stop jobs from fleeing across the border.
He has also promised $1 trillion in new infrastructure spending, another measure calculated to add jobs.
“February proved to be an incredibly strong month for employment with increases we have not seen in years,” said Ahu Yildirmaz, vice president of the ADP Research Institute, in a statement.
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But there’s more good news: Samsung has announced plans to expand its manufacturing in the United States, and is considering even shifting some manufacturing from Mexico to the U.S., The Wall Street Journal reported Wednesday.
Samsung Electronics Co. is planning a major investment to expand its U.S. production facilities, according to people familiar with the matter, with at least five states in discussions.
The initial capital investment is expected to be around $300 million, several of the people said, with Samsung shifting some production of oven ranges to the U.S. from Mexico. The move could generate around 500 jobs, those people said.
In later years, the company may also step up U.S. production of refrigerators, washers, dryers and other home appliances, which would of course mean even more jobs and opportunities for Americans.
And Trump’s election victory is directly responsible for the decision:
Samsung’s interest in a U.S. factory was influenced by the election of U.S. President Donald Trump, according to people familiar with the matter. Mr. Trump campaigned on a desire to create more manufacturing jobs in the country—and has threatened potential penalties for companies that don’t comply.
Oh, and there’s this: The effort by cowardly lib corporate managers to destroy Ivanka Trump’s brand isn’t working out too well, either: Her clothing line is reporting record sales.
Also today, Trump plans to meet with business executives to discuss funding for his $1 trillion infrastructure rebuilding plans, which he mentioned last week during his first address to Congress. Trump has said he hopes to fund the effort with both public and private funds – a unique approach that is also expected to created thousands of new, good-paying jobs.