CEOs hear Trump loud and clear to the tune of 1.29M jobs Fox Business News, Aug 4, 2017, Suzanne O'Halloran
Love him or hate him, job creation is happening under President Trump – 1.29 million jobs have been created since he took office in January - helped with the addition of 209K positions in July, plus June data was revised higher by the Bureau of Labor Statistics. And the unemployment rate dropped to 4.3%.
Trump is just getting started.... so he said in a tweet Friday following the July jobs data.
Donald J. Trump ✔ @realDonaldTrump
Excellent Jobs Numbers just released - and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
8:45 AM - Aug 4, 2017
Indeed, coincidently on Friday, Toyota (TM) and Mazda announced a plan to invest $1.6 billion in a U.S. factory, in a state yet to be named. This is expected to create 4,000 jobs. Last month, Apple (AAPL) supplier Foxconn agreed to open a factory in Wisconsin, which is expected to generate 3,000 jobs and the company indicated that number could grow.
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Even before President Trump officially took office in January he began strong arming American CEOs, some of whom, reversed plans to move jobs overseas.
In November of last year, Carrier, a unit of United Technologies (UTX) agreed to keep 1,100 jobs in Indianapolis. While the company said in a July statement Opens a New Window. that it remains committed to these jobs, a realignment of manufacturing operations will impact “600 Indianapolis jobs over the next several months” as previously announced.
Then came Ford (F), which scrapped plans to move production of the Lincoln SUV from Kentucky to Mexico, prompting the President to give a shout out tweet to scion Bill Ford.
The President is also attempting to revive the beleaguered coal industry with the opening of the Acosta Coal Mine in Pennsylvania, the first in many years. Corsa CEO George Dethlefsen told FOX it will create 70 jobs.
Five of the six months since taking office, the economy has generated north of 200K jobs, the level economists like to see for a growing economy. These numbers have the White House in a celebratory mood.
More:
http://www.foxbusiness.com/politics/2017/08/04/ceos-hear-trump-loud-and-clear-to-tune-1-29m-jobs.html
