Politics
Trump Claims Credit for Booming Job Market That Fed Let Run Hot
- Fed laid strong foundation, but tax cuts have boosted payrolls
- Another question is whether stimulus boost proves long-lasting
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It’s the best U.S. job market in decades, and Donald Trump is clearly proud of it. What’s less certain is how much responsibility he can claim.
Employers last year added the most jobs since 2015, including the strongest factory surge in two decades. Unemployment is near a five-decade low while wage gains are the best since 2009. The performance came as Trump launched the biggest tax overhaul since the Reagan era and lifted government spending, juicing an already-solid economy and labor market.