On August 11, 2025, the Trump administration launched a new economic data initiative, unveiled during a presentation in the Oval Office by President Donald J. Trump and economic advisor Stephen Moore. The initiative aims to highlight economic progress, with Moore presenting data showing that the average American family’s income has increased by a factor of ten under Trump’s current term compared to the previous administration. The presentation included statistics indicating that every income group has seen improvements, with gains ranging from 15% to 25% across different brackets since the administration’s return to power 200 days ago. The initiative involves releasing monthly economic reports to track job creation, with over 500,000 new jobs reported in the past three months, and investment figures, including a notable $600 billion investment by Apple announced earlier this week. The administration plans to expand this data collection to include 50 key industries, with the first comprehensive report due by September 15, 2025. The move has prompted responses from over 200 business leaders who have praised the tax law changes enacted this year, which they credit for boosting spending power. The initiative also includes a task force to monitor economic trends, with an estimated 10 regional offices set to open by the end of 2025 to gather localized data. This effort is part of a broader strategy to strengthen the U.S. industrial base, with the administration citing a goal of reaching a 3.5% GDP growth rate by mid-2026.
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