... and economic growth. By this measure, economic growth under Trump before the pandemic ranks toward the back of the pack, ninth out of the past 12 presidents, 0.04 percentage points behind Dwight Eisenhower and … Gross Domestic Product (GDP) Growth measured by GDP has not set records under Trump. Growth. In Trump’s first three years, 2017 to 2019, real GDP expanded by an annual average of 2.6%, according to the Bureau of Economic Analysis. Stocks spiked — the S&P 500 increased 210% under President Bill Clinton — as investors celebrated the rise of the Internet and brisk economic growth. In the early years of the recovery, growth was lackluster, but it started to pick up in 2014 and 2015. October 29, 2020. President Trump is unleashing economic growth and jobs. As recently as 2004 and 2005, under president George W. Bush, the economy grew 3.8 percent and 3.5 percent, respectively. Since his election, the Trump administration’s pro-growth policies have generated 6 million new jobs, the unemployment rate has fallen to its lowest point in 50 years, and wages have grown at more than 3% for 10 months in a row. Average economic growth under President Trump has outpaced the growth under Barack Obama, but not all of his recent predecessors. In December 2017 , Trump had talked about GDP … After a painful 2009, the economy has been growing for a decade. Charts below show the trendlines. Link to U.S. Bureau of Labor Statistics data. Any employment growth above this level is typically from workers coming off the sidelines. Table 1 shows striking wage growth under Trump, a reversal of prior patterns, not a continuation, especially in the lowest wage brackets. • Across a broad range of economic metrics, economic performance under Trump continued gains made during the final years under Obama. 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