Secretary of Commerce Wilbur Ross said the U.S. economy is strong and the average American worker is benefiting from it.
His comments came in a column posted Monday on Fox Business Network titled, "American workers are winning."
"There is a significant body of evidence showing that the U.S. economy is strong," Ross wrote. "The U.S. economy has added millions of jobs, and even long-neglected sectors like manufacturing are having a resurgence.
"Among the continuous good economic news, wage growth for America's workers has taken center stage. For the first time since 2009, year over year nominal hourly wage growth met or surpassed 3 percent under the Trump administration."
And he maintained that "it is the average American workers who are gaining from the country's broader economic success."
"Unlike during the Obama administration, where anti-business policies squeezed corporations and left American workers out of the economic recovery, U.S. workers are now enjoying the fruits of their labor at the highest levels in 10 years," Ross noted.
He said tax cuts, deregulation, and an administration "dedicated to growing business have allowed the U.S. economy to flourish."
Ross said wages are increasing even as inflation has "stayed below the Federal Reserve's target 2.0%."
Combined with "the slow growth in consumer prices," American workers' "dollars are going further," he wrote.
Also on Monday, Ross, in an interview on Fox Business, downplayed concerns over a possible recession after the Treasury yield curve temporarily inverted last week for the first time in 12 years.
© 2025 Newsmax. All rights reserved.