The roaring U.S. economy under President Trump hit another major milestone recently after a new report came out.
According to Bloomberg, America has now taken its place again as the world’s most competitive economy. The new ranking put it at the top, ahead of Hong Kong and Singapore.
The Netherlands, Switzerland, Denmark, United Arab Emirates, Norway, Sweden, and Canada round out the top ten, respectively. The U.S. was last No. 1 in 2015.
The rapid rate of economic growth under Trump’s administration, as well as a friendly atmosphere for science and tech advancements, helped boost America into the top spot.
The White House released more positive news about the economy back home Tuesday, emphasizing progress in rising wages, gross domestic product growth, and business investments. American production is on the rise with new factories under construction.
According to the report, wages are rising faster for Americans in the first quarter of this year than they have in over a decade. 337,000 construction have been created since Trump's inauguration, as well as 304,000 manufacturing jobs.
Impossible for the president's critics to ignore is the plunging U.S. unemployment rate. At 3.8 percent, that's the lowest we've seen in almost half a century.
Women and the African-American and Hispanic communities have especially benefited. And according to Gallup, two-thirds of Americans are optimistic that they can find quality employment.