Thanks to the Trump administrations pro-growth policies, the U.S. economy is booming. Unprecedented deregulation and the Tax Cuts and Jobs Act, which brought historic tax relief to American businesses and families, are major factors in this success.
The growth in GDP last year surpassed expectations, the unemployment rate sits at just 4 percent, and over 3.2 million new jobs have been added since January 2017. Minority groups, workers without high school degrees, and those with disabilities are experiencing greater job opportunities. Americas economic future is bright.
However, our strong economy has brought a longer-run issue to the forefront: Employers are having trouble finding enough workers with the right skills. Thats unfortunate because despite recent progress, millions of Americans who could work remain out of the labor force. If we could more effectively build workers skills and bring more nonworking Americans off the sidelines, our economic future could be even brighter.