Manufacturing jobs are growing over 700% faster under President Trump than they did under President Obama according to a new report.
The impressive jobs number, along with the Fed signaling patience on rate hikes, shook the stock market loose from its doldrums, with the Dow posting a 747-point gain.
With the December jobs number, President Trump now has two full years of economic performance to compare with his predecessor, President Obama. The two biggest statistical standouts are:
Manufacturing jobs are growing at a 714% faster clip under Trump than over a similar time under Obama , and;
Under Obama, federal state and local government employment grew 6 times faster than did manufacturing jobs, while under Trump, that ratio has been reversed, with manufacturing jobs growing 5 times faster than government jobs.
The economy added over 300 thousand jobs in December, almost double what experts had predicted.
