- Main article: Donald Trump achievements: Economic policy and labor
This article is a non-exhaustive list of achievements by U.S. President Donald Trump, his administration, and Congress related to economic and labor policy in 2020.
Legislation signed, 2020
- August 3, 2020—President Trump signed a bill introduced by Sen. Tim Scott to improvise unemployment relief access for employees/workers amidst the CCP virus in the United States.[1]
Executive actions, 2020
- January 12, 2020—The Labor Department released a finalized rule rolling back the Obama Administration's union-friendly joint employer regulation.[2]
Other achievements, 2020
While the following achievements were not official United States government policy actions by the Trump Administration, they were closely related to the Trump Administration and its policies:
Economic growth
Under MAGAnomics, the American economy continued growing and performing strongly.[3]
- On January 10, 2020, the Dow Jones briefly passed 29,000 points for the first time ever.[4] The stock market continued increasing and reaching new records.[5]
- In the week ending on January 4, jobless claims fell more than expected.[6]
- January 2020—The economy surged, with more Americans looking for work, labor participation slightly increasing, and 225,000 jobs added, which exceeded the +160,000 expectation most economists had predicted.[7]
- February 14, 2020—President Trump and Secretary Ben Carson thanked by the former liberal governor Arnold Schwarzenegger after having fought hard to tackle the homelessness crisis in California.[8]
- June 2020—Despite earlier economic devastations amidst the CCP pandemic and false predictions by liberals,[9] unemployment numbers fell and 4.8 million jobs were added.[10]
- July 2020—Unemployment continued falling, and 1.8 million jobs were added to the U.S. economy.[11]
- August 2020—Surpassing expectations once again as part of a strong recovery, it was reported by the Labor Department that unemployment fell by 2% and 1.37 million jobs were gained by the U.S. economy.[12]
Setbacks
- April 2020—Unemployment soared amidst the CCP virus in the United States after many Democrat-controlled states enacted lockdown orders that shut down businesses vital to middle-class Americans.[13]
References
- ↑ Multiple references:
- Bill Announcement - August 3, 2020 | The White House
- S. 4209: Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020 Protecting Nonprofits from the Catastrophic Cash Flow Strain Act of 2020 - GovTrack.us
- S.4209 | Library of Congress
- President signs the Protecting Nonprofits from Catastrophic Cash Flow Strain Act of 2020
- ↑ Multiple references:
- Morath, Eric (January 12, 2020). New U.S. Rule Limits When Two Companies Share Liability for Labor-Law Violations. The Wall Street Journal. Retrieved January 12, 2020.
- Higgins, Sean (January 12, 2020). Trump administration rolls back Obama era 'joint employer' rule. Washington Examiner. Retrieved January 12, 2020.
- Rugaber, Christopher (January 12, 2020). New Labor Dept. rule clarifies ‘joint employer’ standard. Associated Press. Retrieved January 12, 2020.
- Penn, Ben (January 12, 2020). Trump Cements Rule to Limit Companies’ Joint-Employer Risk (2). Bloomberg Law. Retrieved January 12, 2020.
- Rugaber, Christopher (January 12, 2020). New Labor Dept. rule clarifies ‘joint employer’ standard. The Washington Post (from the Associated Press). Retrieved January 12, 2020.
- Wiessner, Daniel (January 13, 2020). U.S. makes it harder to sue corporations over franchise wage law violations. Reuters. Retrieved January 13, 2020.
- Coleman, Justine (January 13, 2020). Trump administration makes it harder for franchise employees to sue over wages. The Hill. Retrieved January 13, 2020.
- Wheeler, Lydia (September 13, 2018). NLRB proposes rule to establish joint-employer standard. The Hill. Retrieved January 12, 2020.
- Morath, Eric (March 1, 2019). Labor Department Set to Propose Rule on Joint Employment. The Wall Street Journal. Retrieved January 12, 2020.
- Penn, Ben (December 23, 2019). Labor Department’s ‘Joint Employer’ Rule Cleared by White House. Bloomberg Law. Retrieved January 12, 2020.
- Mulvaney, Mick; Scalia, Eugene (January 12, 2020). Making Labor Rules Rational Again. The Wall Street Journal. Retrieved January 12, 2020.
- Higgins, Sean (January 13, 2020). Trump officials claim $11B in annual savings from rollback of Obama 'joint employer' labor rule. Washington Examiner. Retrieved January 13, 2020.
- ↑ Multiple references:
- Akan, Emel (January 9, 2020). State of American Business ‘Positive, Growing, and Hopeful’ Amid Uncertainty. The Epoch Times. Retrieved January 9, 2020.
- Lane, Sylvan (January 11, 2020). Job numbers, stocks boost Trump in election year. The Hill. Retrieved January 11, 2020.
- Bowden, John (January 9, 2020). Trump points to stock market gains: 'How are your 409K's doing?' The Hill. Retrieved January 9, 2020.
- Freeman, James (January 9, 2020). More Job Growth at Small Companies. The Wall Street Journal. Retrieved January 9, 2020.
- Murdock, Deroy (January 11, 2020). Deroy Murdock: Trump economy benefits low-income workers – Opposite of what Democrats falsely claim. Fox News. Retrieved January 12, 2020.
- Puzder, Andy (January 12, 2020). Andy Puzder: Trump economy is booming – Good news for America, bad news for Democrats. Fox News. Retrieved January 12, 2020.
- ↑ Multiple references:
- Carney, John (January 10, 2020). DOW 29,000! Breitbart News. Retrieved January 10, 2020.
- Elis, Niv (January 10, 2020). Dow surpasses 29,000 for first time. The Hill. Retrieved January 10, 2020.
- Banerji, Gunjan; Isaac, Anna (January 10, 2020). Dow Industrials Pull Back After Crossing 29000 for First Time. The Wall Street Journal. Retrieved January 10, 2020.
- Valetkevitch, Caroline (January 10, 2020). Wall Street slips from records after jobs data, but posts weekly gains. Reuters. Retrieved January 10, 2020.
- ↑ Randewich, Noel (January 13, 2020). Wall Street hits record, boosted by trade and earnings optimism. Reuters. Retrieved January 13, 2020.
- ↑ Multiple references:
- Carney, John (January 9, 2020). Jobless Claims Fall By More Than Expected to 214,000. Breitbart News. Retrieved January 9, 2020.
- Ozimek, Tom (January 9, 2020). US Jobless Claims Fall Amid Ongoing Labor Market Strength. The Epoch Times. Retrieved January 9, 2020.
- Bartash, Jeffry (January 9, 2020). U.S. jobless claims fall for 4th week in a row to 214,000, back near post-recession lows. MarketWatch. Retrieved January 9, 2020.
- Mutikani, Lucia (January 9, 2020). U.S. weekly jobless claims fall, but labor market cooling. Reuters. Retrieved January 9, 2020.
- Weekly jobless claims fall but number of unemployed surged to a more than 1 1/2-year high. CNBC (from Reuters). January 9, 2020. Retrieved January 9, 2020.
- ↑ Multiple references:
- ↑ Multiple references:
- ↑ Rachel Maddow Wrongly Predicted Jobs Numbers Would Be ‘Absolutely Terrible’
- ↑ Multiple references:
- The US economy created 4.8 million jobs in June. But that's not the whole story
- Trump touts 'historic' June jobs report: 'Our economy is roaring back'
- June jobs report: US economy adds better than expected 4.8 million payrolls, unemployment rate falls to 11.1%
- Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%
- ↑ Multiple references:
- Economy adds 1.8 million jobs; unemployment at 10.2 percent
- US economy beats forecasts, adds 1.8 million jobs in July as unemployment rate declines to 10%
- July jobs report 2020: US economy added 1.8 million jobs in July but still down nearly 13 million jobs during the pandemic
- 1.8 Million Jobs Added In July As U.S. Economy’s Pandemic Recovery Falters
- 1.8M jobs added in July, unemployment falls to 10.2% as some states halt reopening, others press ahead
- ↑ Multiple references:
- The New York Times (September 4, 2020). U.S. Added 1.4 Million Jobs in August: Live Updates. The New York Times. Retrieved September 4, 2020.
- Reinicke, Cameron (September 4, 2020). US economy beats forecasts, adds 1.37 million jobs in August as unemployment tumbles to 8.4%. Business Insider via MSN. Retrieved September 4, 2020.
- Hoft, Joe (September 4, 2020). JOBS JOBS JOBS – The Trump Recovery is the Greatest Recovery Ever – Unemployment Drops Nearly 2% to 8.4% – Happy Labor Day USA!. The Gateway Pundit. Retrieved September 4, 2020.
- Bartash, Jeffry (September 4, 2020). U.S. regains 1.4 million jobs in August and unemployment drops to 8.4% as economic recovery shows resilience. MarketWatch via MSN. Retrieved September 4, 2020.
- Bufkin, Ellie (September 4, 2020). August Jobs Report Blows Past Expectations, Unemployment Rate Plummets. Townhall. Retrieved September 4, 2020.
- Lane, Sylvan (September 4, 2020). Economy adds 1.4 million jobs in August, unemployment falls to 8.4 percent. The Hill. Retrieved September 4, 2020.
- Carney, John (September 4, 2020). Better Than Expected! U.S. Economy Added 1.37 Million Jobs in August, Unemployment Fell to 8.4%. Breitbart. Retrieved September 4, 2020.
- ↑ Graphics for Economic News Releases