Las Vegas Review-Journal

Economy lifts Trump’s ’20 chances

- By Steve Peoples and Christophe­r Rugaber The Associated Press

NEW YORK — The lowest unemployme­nt rate in a half century. More than 260,000 new jobs. And higher hourly wages.

“I’ll be running on the economy,” President Donald Trump declared Friday.

The day’s new round of sunny employment figures offered fresh evidence of a strong national economy — and a big political advantage

for Trump just as the 2020 presidenti­al campaign begins to intensify. Stocks are at or near record levels, too, as the president often notes.

Democrats pointed to regional disparitie­s in the new government report. And overall income inequality hasn’t narrowed.

But the Democrats who are fighting to deny the Republican president a second term are beginning to acknowledg­e the weight of their challenge: Since World War II, no incumbent president has lost a re-election bid in a growing economy.

Even Trump’s critics are forced to admit the state of the economy could help him at the ballot box.

“Relative to all the other terrible aspects of Trump’s record, the economy is more of an asset to him,” said Geoff Garin, a veteran pollster whose clients include Priorities USA, the most powerful super PAC in Democratic politics.

Indeed, it was a day of celebratio­n for Trump and his allies, who have been well aware of recent warnings that the economy might slow this year.

The president’s chief economic adviser, Larry Kudlow, said the United States has entered “a very strong and durable prosperity cycle.” He gave all the credit to his boss: “He is president of the whole economy.”

By most measures, the U.S. economy is in solid shape. It is expanding at a roughly 3 percent pace. Businesses are posting more jobs than there are unemployed workers.

Wage growth, long the economy’s weak spot, has picked up.

All these trends are helping lift a broader swath of the population than in the first five years or so after the Great Recession.

Low-income workers are actually seeing healthy wage gains — larger than everyone else’s. In March, the poorest one-quarter of workers were earning 4.4 percent more than a year earlier, according to data compiled by the Federal Reserve Bank of Atlanta. The richest one-quarter were up 3 percent.

Low-income workers had started to outpace their higher-paid counterpar­ts in 2015, so it’s not a Trump phenomenon. And part of the increase has occurred because of minimum wage hikes by more than

two dozen states.

The news isn’t good for everyone. Workers in metro areas are still getting larger pay increases than those in smaller towns or rural areas, according to the Atlanta Fed’s data.

In Carlisle, Pennsylvan­ia, in a region Trump carried three years ago, county archivist Barbara Bartos said the president’s policies have helped a lot of people, though she’s seen little economic benefit personally.

“I think he should get credit where credit is due,” said Bartos, a 69-yearold registered Democrat who backed Hillary Clinton.

Three hundred miles to the west in Cleveland, another former Clinton supporter, 42-year-old IT manager Jessica Wieber, said she feels “pretty good” about her economic situation.

“I think he’s had a big impact,” she said of Trump’s effect on the economy, adding that tax breaks given to companies and corporatio­ns have allowed them to hire more workers.

“I hope it helps trickle down a bit,” Wieber said.

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