President Trump has a lot going for him these days, at least economywise.
But not all is well. In the latest Yahoo Finance Trumponomics Report Card, Trump’s grade on the economy drops from an A- in November to a B for December. That’s a two-notch downgrade. The main reason is weak earnings, which have barely risen this year.
“Wage growth has been fairly muted, considering the tightening in the labor market,” says Ryan Sweet, director of real-time economics at Moody’s Analytics, which provides the data for our report card. “A significant and sudden acceleration in wage growth is unlikely.”
Our Trumponomics Report Card evaluates the economy on six key measures. We compare the economy’s performance under Trump with its performance under six prior presidents at the same point in their first terms. (See our full methodology.)
Here’s the dot plot showing Trump’s overall performance nearly a year into his first term as president: