U.S. Labor Market Surges

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lower unemployment rate

MarketWatch

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Is Donald Trump inheriting the best economy in history?

Summary

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85% Informative

President-elect Donald Trump will inherit a lower unemployment rate than any president since Richard Nixon in 1969 , according to Labor Department statistics.

Trump is also returning to the Oval Office in the midst of a scorching run for the stock market, with the S&P 500 gaining 23.3% in 2024 .

Consumer sentiment remains mired well below historical levels, as measured by the University of Michigan Surveys of Consumers .

“We see a reflection of the great uncertainty around the economic policies put forward by the incoming administration in the [ Michigan ] results,” wrote Carl Weinberg , chief economist at High Frequency Economics .

“Things are fine right now, and confidence is improving, but who knows what the future will bring?” said Weinberg .

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formal

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English

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