Donald Trump achievements: Economic policy and labor (2020)

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Official presidential photo of President Donald Trump
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

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]
  • 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

  1. Multiple references:
  2. Multiple references: Earlier articles on the matter: See also:
  3. Multiple references: See also:
  4. Multiple references:
  5. Randewich, Noel (January 13, 2020). Wall Street hits record, boosted by trade and earnings optimism. Reuters. Retrieved January 13, 2020.
  6. Multiple references:
  7. Multiple references:
  8. Multiple references:
  9. Rachel Maddow Wrongly Predicted Jobs Numbers Would Be ‘Absolutely Terrible’
  10. Multiple references:
  11. Multiple references:
  12. Multiple references:
  13. Graphics for Economic News Releases