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MAGA: Job Cut Announcements in Trump's 1st Year Were Lowest Since 1990

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The number of jobs cut in 2017 dropped by a notable 20.5 percent from a high of 526,915 cuts in 2016, leading to some of the lowest job-cut data seen since 1990.

These numbers were announced Thursday by the Chicago-based consulting employment firm Challenger, Gray & Christmas.

“The tight labor market, coupled with uncertainty surrounding health care and tax legislation, possibly kept employers from making any long-term staffing decisions this year,” the firm’s CEO, John Challenger, said in a statement.

He warned, however, that this trend could conceivably reverse itself in 2018 “as companies realign with consumer demand,” though he also made certain to highlight the bright side.

“While we may see more job cuts in the first quarter of 2018, some companies have announced wage increases and bonuses for employees due to the passing of the tax bill,” he said.

Many companies — nearly 100, according to The Daily Wire — have announced bonuses, wage hikes and charitable donations because of the comprehensive tax reform bill President Donald Trump signed into law in late December.

Moreover, while some jobs may admittedly disappear next year, numerous more are apt to take their place. In December, for instance, whereas employers cut only 32,423 jobs, they hired a stunning 250,000 new employees, according to CNBC, bringing the net to 217,577 jobs created.

“Meanwhile, announced hiring plans are the highest on record, according to Challenger tracking,” the firm added in its statement. “Employers announced plans to hire over 1,100,000 new hires, 27 percent more than the 868,702 announced last year.”

There’s another factor to keep in mind as well: The Detroit Free Press revealed that of the 418,770 jobs cuts in 2017, nearly half “were a result of cost-cutting.”

Because Trump’s tax bill reduces costs for small businesses and corporations alike, such cuts may not be necessary next year.

Also note that the majority of job cuts in 2017 occurred in California, with it shedding a remarkable 63,301 jobs, or roughly 15 percent of the total jobs cut.

I wonder whether California’s endless rules and regulations played a role in these numbers. Maybe, maybe not.

Likewise, the health care industry reportedly lost 40,732 jobs, a notable 118 percent more than cut in 2016.

What’s clear is the economy appears to be performing significantly better than many delusional naysayers expected.

Related:
'Get Ready to Rock' - Trump Announces Massive Plan to Hyper Charge US Economy, Job Market

But what’s also clear is that the job of “Making America Great Again” isn’t over yet. Obamacare still needs to be repealed, for starters, and the problem of illegal immigrants stealing American jobs must be dealt with as well.

And hopefully, 2018 will be the year all this is accomplished and America made greater than ever been before in its long history.

Please share this story on Facebook and Twitter and let us know what you think about the impressive drop in job cuts.

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