America's Economy is Booming Post Tax Reform - By the Numbers

After years of struggling to get ahead, the American people are finally seeing jobs, opportunity, and economic growth. As a direct result of Congress passing a historic tax reform bill last year, unemployment is at a historic low, job openings are at record highs, paychecks are growing, and wages are rising.

While there is always more work to be done, I'm pleased to see that our commitment to advancing polices that cut down on burdensome regulations and government-knows-best policies are helping improve people's lives and making it easier for families to get ahead. If anything, these last several months should serve as a reminder of how, with some patience and persistence, the legislative process can work when we place the issues ahead of the politics.

Nationwide

• The economy is expanding at its second fastest pace in 13 years, creating 200,000 jobs a monthin the last year
• 147,000 people who have entered or re-entered the labor force on average each month this year.
• GDP is the 2nd highest it has been in 13 years. 4.2 percent growth last quarter with the Atlanta Fed projecting 3.8 percent this quarter.
• The economy has added 1.7 million jobs since Congress passed a historic tax reform bill
• Workers saw their disposable incomes grow 3.5 percent over last year, helping families keep more of their hard-earned money.
• Worker productivity highest since 2015, growing at a 2.9 percent annualized rate in the second quarter of 2018.
• Disability rolls drop as Americans find work, SSDI payments declined by more than 300,000 since the peak in September 2014. New applications in 2017 were at their lowest level since 2002.
• Consumer confidence at 18-year high.

In CD-2

• Residents have seen a median increase in income of 5.2%or $3,011 pre tax reform to post tax reform.