Over the past few days, there has been a surge of good news regarding jobs, wages, and economic growth. Last week it was announced our economy grew by a whopping 3.5%. This also makes it very likely that our annual growth for the year will be over 3%. That means under Republican leadership, our economy’s rate of growth is 50% higher than what took place during the Obama Administration.
This week built on that positive economic momentum in multiple ways. Consumer confidence as well a consumer views on job creation and income hit their highest level in nearly two decades. The good news continued with the announcement that wages grew at their fastest pace in nearly 10 years!
These new economic indicators are great news for West Michigan. Our economy is growing, more jobs are being created, and more hardworking West Michigan taxpayers are earning bigger paychecks. These are just the latest examples of how Republican efforts to cut taxes and “right-size” regulation are delivering positive results.