Americans have seen good economies and bad economies over the years, from the stagflation of the 1970s to the Reagan Revival and from the Great Recession to the slow, crawling “recovery” of the Obama Administration.
The Trump Economy is roaring, but it’s also different. In previous booms, fast growth often meant soaring stocks and huge returns to those at the very top—the well-connected and well-heeled who got rich off the globalized economy.
• The unemployment rate for adult women hit 3.1 percent in April, the lowest rate since 1953.
• Unemployment for Hispanics fell to 4.2 percent, the lowest rate ever since that statistic was first recorded in 1973.
• Unemployment for those with a disability fell to 6.3 percent last month, the lowest rate since that statistic was first recorded in 2008.