Page 14 - TFRW PNL Aug 2018

Inspire. Unite. Achieve.
Legislative Update

by VP Legislation Julie Faubel
[email protected]

Trump’s Terrific Numbers

“America’s economy is roaring” ~President Donald J. Trump

Following President Trump’s recent announcement that the U.S. economy
grew at a strong rate of 4.1 percent in the second quarter 2018, The White
House shared clips from national news outlets on their reports about new
jobs, near-record low unemployment, and soaring business confidence.
Here’s what they’re saying:

FOX NEWS: GDP Report Shows Booming 4.1 Percent Growth, as

Trump Touts “Terrific” Numbers:

“The U.S. economy grew by 4.1 percent in the second quarter of 2018, marking the fastest economic expansion
in nearly four years, according to a long-awaited official estimate released Friday by the Commerce Department
… As reported by the Commerce Department’s Bureau of Economic Analysis, the growth from April to June was
the largest since the economy’s 5.2 percent surge in the third quarter of 2014, which was the greatest economic
expansion since the third quarter of 2003.”
http://www.foxnews.com/politics/2018/07/27/gdp-report-shows-booming-4-1-percent-growth-as-trump-touts-
terrific-numbers.html

BLOOMBERG: Economic Views Lift U.S. Consumer Comfort to Fresh 17-Year High

“Americans’ confidence rose to the highest level since February 2001 on brighter assessments of the economy, the
Bloomberg Consumer Comfort Index showed Thursday. Confidence is rising as Americans continue to enjoy the
benefits of tax cuts and a strong labor market, with data last week showing jobless claims fell to the lowest since
1969 …”
https://www.bloomberg.com/news/articles/2018-07-26/economic-views-lift-u-s-consumer-comfort-to-fresh-17-
year-high

NBC NEWS: U.S. Added 213,000 Jobs in June, Beating Expectations

“Total nonfarm payroll employment increased to 213,000 jobs in June, the 93rd straight month the number has gone
up, the longest recorded streak … Employment increased in several industries, including health care, manufacturing
and construction, though retail trade lost jobs. Wage growth accelerated in June to 2.7 percent annually.”
https://www.nbcnews.com/business/economy/u-s-added-213-000-jobs-june-n889266

(Continued on next page)

PRESIDENT’S NEWSLETTER | AUGUST 2018 14 TEXAS FEDERATION OF REPUBLICAN WOMEN