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Fri Nov 8, 2019, 08:02 AM

Reminder: Trump Has Created 1.5 Million Fewer Jobs Than Obama

The U.S. Department of Labor had two announcements in the past month that showed job growth under President Trump is weaker than expected. On August 21 it published a preliminary estimate of its upcoming annual revision, which decreased its original job growth projection by 501,000 from April 2018 to March 2019.

The second was the monthly job report released on September 6 showing that only 130,000 jobs were created with June and Julyís results decreasing by 15,000 and 5,000, respectively, for a net job gain of 110,000. The total was also helped by the Federal government hiring 25,000 people for the upcoming census, making net jobs added about 85,000.

The Labor Departmentís revised job count lowered the April 2018 to March 2019 by 501,000. Assuming that the almost 42,000 per month lower number is spread evenly across the 12 months, Trumpís 2018 total of 2.303 million jobs falls short of Obamaís 2014 to 2016 results and essentially matches his 2.302 million for 2013. And 2018 was helped by Trumpís tax cut sugar high.


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