The experts were apprehending the impact of the bold economic reforms undertaken by the Trump government. However, based on the official reports published in the month of December 2017, the tax reform is paying back and most importantly, the manufacturing industry is roaring back on tracks with 31,000 skilled workforces being added in the month of November 2017. This is a hopeful news for the job aspirants and those who are looking forward to join a new organization in order to give a new shape to their career.
Let us take a closer look at the details.
1) Contrary to what was expected by the analysts, a higher number of jobs were created in the month of November when the employers in the USA added 228,000 jobs. The rate of unemployment was 4.1 percent that remained unchanged. What surprised all was the wonderful improvement recorded in the manufacturing sector.
2) Since the coming of President Trump’s government, 159,000 jobs have been created in the sector of manufacturing. This is a significant gain given a loss of 1,000 jobs per month on an average during the last months of the previous government.
3) Based on the statement released by the White House press secretary Sarah Huckabee Sanders, the objective of the US government under President Trump is to spare the economy from useless regulation and taxes and to build a healthy economy and thriving job market for the people of the USA.
The recruitment consultants are making the most of the situation and providing best services to the employers. The government objective to reduce the rate of unemployment is being supported by reputed recruitment consultancies which are using their updated database to provide the list of most qualified and experienced candidates.
What is the overall impact of the Trump regime in the job market?
Except for the manufacturing sector, no significant growth has been recorded in rest of the industries which could specifically bestow the laurels on the cap of the new government. On a monthly average, around 170,000 jobs were created in the first 10 months of the Trump administration which is slightly below the average figure of 196,000 per month during the same period under the Obama government. If we leave out the month of September 2017 that witnessed the devastation of hurricanes, the average number of new jobs created per month stood at 185,000. Hence, there is no solid evidence that the change in regime brought a significant growth in the overall job market.
Impact on demographic groups
Probably the best impact of the growth in employment was the fact that its benefits percolated down the demographic groups in the USA. For example, the rate of unemployment among the Hispanics was lowered down by 4.7 percent in the last months of the previous year.
The rate of unemployment has touched down the lowest bottom since the year 2000. This positive trend should be backed by the supply of skilled workers. Renowned and proficient US recruitment consultants are relentlessly working towards this goal and providing all sorts of help to the employers. One can always rely on the best services in the USA.