Trump Is Falling Almost 1 Million Jobs Short Vs. Obama

[TomCADem]

This is amazing given how willing the Trump administration is to pressure federal agencies to revise or withhold information that could be used to critique Trump.

https://www.forbes.com/sites/chuckjones/2019/07/05/trump-is-falling-almost-1-million-jobs-short-vs-obama/#17c5951b8caa

The U.S. Bureau of Labor announced that the economy added 224,000 jobs in June vs. expectations of 160,000 and May’s revised result of 72,000. The 224,000 is still strong, but there were revisions to April and May that subtracted 11,000 people hired in those months and government employment added 33,000. Overall private payrolls added 191,000 employees.

The stock markets are reacting negatively due to the jobs number being stronger than expected since investors are lowering their expectations that the Fed will cut interest rates by 50 basis points later this month. A 25 basis point downward move is still being priced into the market, but that may wind up being optimistic due to the strong report.

Trump entered office on January 20, 2017, and starting with February 2017 he has been President for 29 months. Total job growth during that time has been 5.613 million or 194,000 per month with those results being helped by the tax cut.

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

[abqtommy]

1. I can't think of any comparison where tRUMP

doesn't fall short of President Obama!

[underpants]

2. ✅

Me either

[real Cannabis calm]

5. K&R that's because it is difficult to compare a criminal to a great president.

[Cicada]

3. Revisions have increased Obama's lead to 1.3 million.

[Vinca]

4. Meanwhile, Trumphumpers are wondering why Obama wasn't in the Oval Office on 9/11.

[tclambert]

6. They probably think he was golfing because Obama played golf way too much. Whereas Trump

is white.