From Wal-Mart to General Motors to Amazon, a growing number of the world’s largest companies appear to be trying to get in step with President-elect Donald Trump’s demand that employers hire and keep jobs at home.
As The Associated Press reports, Trump, in response, has taken to Twitter to signal his approval.
“Thank you to General Motors and Walmart for starting the big jobs push back into the U.S.!” he tweeted Tuesday afternoon.
Yet it’s unclear just how many jobs are actually being saved or created as a result of Trump’s push or whether his administration will hold companies accountable for their pledges. In a solid job market with just 4.7% unemployment, hundreds of thousands of U.S. jobs are added all the time for a broad range of reasons.
Many economists say the hiring being celebrated by Trump reflects, more than anything, the health of the $18.7 trillion economy he is inheriting.
“Between the election and today, unless you work on Capitol Hill in D.C., nothing fundamental has changed in the U.S. labor market,” says Andrew Chamberlain, chief economist at the jobs site Glassdoor.
To these economists, the latest high-profile hiring announcements suggest that companies are capitalizing on the politically charged climate. Trump has berated companies such as Nabisco for shuttering domestic plants in order to open factories in Mexico, while celebrating companies that publicly commit to hiring in the United States.
What’s more, nearly every major U.S. employer has tax and regulatory issues before the government. To that end, a sympathetic ear in the White House could be helpful.