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Opinion
Conor Sen

How the Shale Bust Created Trump's Economic Boom

The energy sector bounced back in 2017, driving other growth. Of course, that was possible only because of the preceding collapse.
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Photographer: Karen Bleier/AFP/Getty Images

Not all job growth is created equal. Even though 2017 didn't accelerate job growth over all, it accelerated growth in the right kind of jobs.

High-paying goods-producing job growth jumped to 465,000 in 2017, from 64,000 in 2016. This was the second-best year for goods-producing jobs growth of the expansion. Starting from a level of low labor slack, this is impressive.