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Eugene

(61,791 posts)
Fri Nov 1, 2019, 09:18 PM Nov 2019

Trump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math

Source: USA Today

Trump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math

Paul Davidson
David Jackson
USA TODAY
Published 5:46 p.m. ET Nov. 1, 2019 | Updated 7:38 p.m. Nov. 1, 2019

Economists were scratching their heads after President Trump tweeted about a “blowout” 303,000 jobs that the economy added in October, more than twice the 128,000 that the Bureau of Labor Statistics reported early Friday.

"Wow, a blowout JOBS number just out, adjusted for revisions and the General Motors strike, 303,000," Trump tweeted. "This is far greater than expectations. USA ROCKS!"

Chris Lu, the former deputy secretary of labor for President Barack Obama, tweeted that Trump had "reached a new low and is making up fake numbers."

Even though Trump's comments about the jobs numbers included caveats about revisions and the GM strike, economists were still puzzling over his math.

“What the president said today is not tethered to any empirical reality,” said Joe Brusuelas, chief economist of RSM.

-snip-


Read more: https://www.usatoday.com/story/money/2019/11/01/donald-trump-boasts-303-000-new-jobs-more-than-twice-actual-figure/4123664002/
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Trump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math (Original Post) Eugene Nov 2019 OP
liar Demovictory9 Nov 2019 #1
This guy lies about how many floors Trump Tower has -- and tells a different number each time. RockRaven Nov 2019 #2
HE is not tethered to reality Skittles Nov 2019 #3
He's gotten away with it cilla4progress Nov 2019 #4
There's nothing to puzzle over. C_U_L8R Nov 2019 #5
You said it better than I!1 UTUSN Nov 2019 #8
That was reason given for the stock doc03 Nov 2019 #6
K&R just for *my* puzzle why "smart" economists puzzle over anything SHITLER says!1 UTUSN Nov 2019 #7
He once said the economy was better during the height of the Great Depression Elwood P Dowd Nov 2019 #9

RockRaven

(14,874 posts)
2. This guy lies about how many floors Trump Tower has -- and tells a different number each time.
Fri Nov 1, 2019, 09:21 PM
Nov 2019

Nobody needs to puzzle over where that number came from -- he just made it up, or might as well have.

He thought it sounded good, so that's the number he used, full stop -- it is as simple as that.

Elwood P Dowd

(11,443 posts)
9. He once said the economy was better during the height of the Great Depression
Fri Nov 1, 2019, 10:02 PM
Nov 2019

than it was under Clinton. That's probably the biggest economic whopper ever told in the history of the United States. The Clinton term was just about the best 8 years of economic prosperity during any president's term.

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