Quite clearly, President Trump is delivering on his promise to end the “American carnage” and revive depleted manufacturing in our land, as 334,000 manufacturing jobs have been created since his election. How? First the historic tax reform spurred hiring by companies, especially small businesses that are growing more confident. Further, those entrepreneurs welcome a more sensible and restrained regulatory framework as the president shrinks the burdensome footprint of federal bureaucrats.
These reforms represent a particularly powerful tailwind for Hispanics, statistically by far the most entrepreneurial demographic in America. Speaking of Hispanics, the labor market news for them has been stellar. In U.S. history, there are only eight months where Hispanics report a jobless rate below 5 percent, and an incredible seven of those eight months have been in the last year alone under Trump’s growth agenda. The news is similarly strong for blacks, where the gap between black and white unemployment shrank to the smallest disparity on record. If President Trump is a racist, as his media critics constantly (and unfairly) allege, then he is remarkably bad at it!