Make sure that your article is related to a current Econ issue. Also, point out which concept learned in class is related to the article.
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TrumponomicsExample.pptxtrumponomics
Tatyana Brown
Econ 211
July 27, 2017
Trump’s economic report card
Total employment Rank: 3 out of 7
The economy created 522,000 jobs in March and April
This is comparable to The Carter Economy, which was bouncing back from a nasty recession, and The Bush Economy, which was at the late stages of a prolonged economic boom.
The lowest ranked president at this stage of the presidency was President Obama, who inherited the worst recession since the 1930s.
Manufacturing employment rank: 3 out of 7
Although Trump publicly complained of the loss of manufacturing jobs, employers created 41,000 in March and April, which leaves Trump with good marks at this stage of his presidency.
Average hourly earnings rank: 1 out of 7
The labor market was “tightening up” just as Trump took office. The shortage of workers in certain sectors and regions pushed wages up, and this trend seems likely to continue.
Exports rank: 2 out of 4
Currently down under Trump, but were slightly lower for the previous two presidents at the same point in their presidencies.
The s&P 500 stock index Rank: 5 out of 7
This rose sharply in the days following election day, but gains have been modest since Trump actually took office.
Real gdp per capita
Not available because it is reported quarterly
First quarter growth was weak at about 0.7%, but second quarter growth is expected to be much higher, at almost 3%.
Trump’s grade
Trump’s current score is 23 out of 32 possible “dots,” which places him in the 72nd percentile compared to other presidents at this point in their terms.
What does this mean?
During the first year of Trump’s presidency, Trump’s grade will largely reflect the conditions as Trump found them when he entered the White House. Beyond one year, Trump’s grade will become a true reflection of his economic influence.
references
https://finance.yahoo.com/news/trumps-grade-economy-b-now-014505826.html
Newman, Rick (last accessed July 25, 2017) “Trumponomics.”
