*MISERABLE FAILURE* Trump created 500,000 fewer jobs since 2018 than previously reported

[DemocratSinceBirth]

Turns out hiring wasn’t nearly as strong in 2018 and early 2019 as the government initially reported — by about a half-million jobs.

The economy had about 501,000 fewer jobs as of March 2019 than the Bureau of Labor Statistics initially calculated in its survey of business establishments. That’s the largest revision since the waning stages of the Great Recession in 2009.

The newly revised figures indicate the economy didn’t get a huge boost last year from President Trump’s tax cuts and higher federal spending. They also signal the economy is a bit weaker than previously believed and could give the Federal Reserve even greater reason to cut interest rates in September.


https://www.marketwatch.com/story/us-created-500000-fewer-jobs-since-2018-than-previously-reported-new-figures-show-2019-08-21?mod=mw_share_twitter

[LincolnRossiter]

1. While revisions are common, yowza that's quite a big one...

Of course with this crew we never know what’s routine bureaucratic process and what the admin is actively interfering with.

[global1]

2. I Read About This Yesterday But Hadn't Seen It Reported.....

on the cable news shows. Did I just miss it or was this story avoided?

[Turbineguy]

3. Trump doesn't give a shit about lowering rates to help the economy

he just wants his debt servicing cost to go down.

[Doodley]

4. He doesn't care about debt. He wants to win 2020 with low interest rates and tax cuts - the debt

will soar.

[Turbineguy]

5. I remember how Ferdinand Marcos

borrowed $350 million from the World Bank and gave Filipinos free rice with the money.

We all know how it ended.

[HipChick]

6. Orange Lies Matters...

[uponit7771]

7. That is some serious book cooking !! It's a 125,000 job take away per quarter. Yep, we're most likel

... likely heading towards recession and don't even know it.

Red Don's admin will keep the public in the dark

[ChoppinBroccoli]

8. When You Have To Cook The Books To Inflate Your Job Numbers And They STILL Don't Match Obama's

[bucolic_frolic]

9. They are statistics fudging now, to claim more jobs for the election

They are creating stochastics. These 500,000 jobs did happen, but now they have not happened. In the runup to the election, they will reappear and be reannounced with great fanfare. This is like a corporation padding earnings with next quarters' revenue to make their profit numbers, or underreporting losses, or importing profits from a foreign division while exporting costs to a foreign subsidiary. This is a GAME to cook the books for the election.

[smirkymonkey]

11. +1000

I am so tired of the bullshit reality show. Time to cancel.

[dalton99a]

10. When you put a con man in charge of the federal government.

[B Stieg]

12. It's all just a shell game.

Mainly because tRump is incapable of doing anything else.

[lame54]

13. Who also strongly suspected the job numbers have been a running lie...

But kept it in because of no evidence