Trump Presidency And The Job Market

President-elect Donald Trump announced that he would run for president nearly 2 years ago. At that time, he promised he would be the best president for jobs that God had ever created. He campaigned on pledges to create more than 500,000 jobs each year, add 25 million jobs over the upcoming decade, and replace our present globalism policy that has moved wealth out of the United States. He said he would instead come up with a policy of Americanism. What does that mean for job hunters looking for VP finance jobs in Chicago or accounting jobs in Los Angeles? Under President-elect Trump’s new American system, will there be more finance jobs in the country, as well as finance jobs with better pay?

New Americanism

President-elect Trump stated that if we can reduce our taxes, get ride of destructive regulations, and tap into the treasure of energy in America, we will see no limit to the jobs that are created and the prosperity that goes around. A Moody’s Analytics’ June 2016 report, however, suggested a different future an American economy under Trump, and we may soon see the report’s predictions coming true. This report described the end of a Trump presidency with the U.S. left with an unemployment rate of 7% and 3.5 million jobs fewer.

Is a Long Recession Coming?

The research branch of Moody’s Analytics went on to say that under the exact scenario Trump laid out for his new America, if all proposed policies become law, our country would suffer from a long recession and our economy would be smaller at the end of his 4 terms than when he took the oath of office. Moody’s argues that Congress would water down Trump’s proposals and the economy wouldn’t suffer as much as it could otherwise, but it would be diminished nonetheless.

Robert Lawrence, Professor at Harvard Kennedy Business School, specializes in international finance and trade, and he says that ending outsourcing to boost America could be an issue under the Trump presidency. He notes Trump’s sports jackets, eyeglass frames, and cufflinks that were made in China. He points to Trump’s shirts that were sourced in Bangladesh. Lawrence wonders whether Trump truly has a plan to keep jobs in the country, and many others are in agreement with Lawrence.

For now, we have the present to work with, and the present scenario in our economy is that finance and accounting jobs are in high demand in the United States. Beacon Resources knows where those jobs are. We will help you find them, and find the good ones that show exceptional promise of long-term career jobs.