Texas Unemployment at an All-Time Low
Unemployment in Texas started to be tracked back in 1976, and we are now at an all-time. The month of April saw an unemployment rate of 3.7%, and then in May it was down to 3.5%.
Of course, unemployment generally gets directly linked to who is the current president. So if you're a Trump supporter, you might think "See?! He's doing great for the economy! Better than Obama was!" Well, the downward trend of the unemployment rate actually started under Obama. It was around 2010 that it started to decrease.
So if you are an Obama supporter, you see that and are probably thinking "See?! It started with Obama and Trump just hasn't found a way to screw it up yet!" Well, hold your horses their bud.
The President of the United States doesn't have as much to do with the employment rate than you'd think. Oh, it's a major talking point politically, but it doesn't really have much to do with it. Here is a quote from a Chicago Tribune article from October, 2017.
Even when policy does have an effect, it's probably not as big as people think. The most optimistic estimates claim that the Bush tax cuts of 2001 increased gross domestic product by a total of 1.5 percent and the Obama stimulus reduced unemployment by 1.8 percent — good results, but not spectacular. And many estimates place the effects as being even smaller.
As much as you might like to think the President directly effects the economy and employment, it's not the reality. But, you can be happy with the fact the unemployment rate is currently at an all-time low, regardless of who is the reason for it.