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Fri Nov 1, 2019, 08:18 PM

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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Reply Trump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math (Original post)
Eugene Nov 1 OP
Demovictory9 Nov 1 #1
RockRaven Nov 1 #2
Skittles Nov 1 #3
cilla4progress Nov 1 #4
C_U_L8R Nov 1 #5
UTUSN Nov 1 #8
doc03 Nov 1 #6
UTUSN Nov 1 #7
Elwood P Dowd Nov 1 #9

Response to Eugene (Original post)

Fri Nov 1, 2019, 08:20 PM

1. liar

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Response to Eugene (Original post)

Fri Nov 1, 2019, 08:21 PM

2. This guy lies about how many floors Trump Tower has -- and tells a different number each time.

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.

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Response to Eugene (Original post)

Fri Nov 1, 2019, 08:30 PM

3. HE is not tethered to reality

if he gets bad news he just makes shit up

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Response to Eugene (Original post)

Fri Nov 1, 2019, 08:38 PM

4. He's gotten away with it

For so long.....

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Response to Eugene (Original post)

Fri Nov 1, 2019, 08:52 PM

5. There's nothing to puzzle over.

Trump is lying and defrauding this country.

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Response to C_U_L8R (Reply #5)

Fri Nov 1, 2019, 08:55 PM

8. You said it better than I!1

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Response to Eugene (Original post)

Fri Nov 1, 2019, 08:53 PM

6. That was reason given for the stock

market gains today. But it was b.s..

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Response to Eugene (Original post)

Fri Nov 1, 2019, 08:54 PM

7. K&R just for *my* puzzle why "smart" economists puzzle over anything SHITLER says!1

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Response to Eugene (Original post)

Fri Nov 1, 2019, 09:02 PM

9. He once said the economy was better during the height of the Great Depression

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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