Sat Jul 6, 2019, 03:29 PM

progree (10,000 posts)

In its 29 months, the Trump economy has created 810,000 FEWER jobs than Obama's last 29 months

Last edited Thu Jul 25, 2019, 05:19 PM - Edit history (4)

and the pace of job creation has markedly slowed in 2019 ...

Summary: Average monthly net new jobs created
221,000    Obama's last 29 months
194,000    Trump's 29 months (February 2017 through June 2019)
172,000    2019 so far (January through June)
144,000    February through June 2019

From G_j: https://www.democraticunderground.com/100212250349

which links to: https://www.forbes.com/sites/chuckjones/2019/07/05/trump-is-falling-almost-1-million-jobs-short-vs-obama

Comparing Trump's 29 months with Obama's last 29 months

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.

Note that back in January this year the total difference was only 194,000, which means over the past five months it has increased by 616,000.

Yes, there's been quite a slowdown so far this year (the 6 months January through June), just 172,000 per month average, compared to 223,000 per month average in all of 2018.

For the 5 months February through June of 2019, it's been only 144,000 per month average.

Job numbers:

https://data.bls.gov/timeseries/CES0000000001

Monthly changes: https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

Edited to add:

And yes yes, the unemployment rate is at about 50 year lows, but note that the prime age (25-54) labor force participation rate is below the pre-Great Recession average, going back to about 1987.
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=12256909

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11 replies	Author	Time	Post
In its 29 months, the Trump economy has created 810,000 FEWER jobs than Obama's last 29 months (Original post)	progree	Jul 2019	OP
To hear the Trumkpsters talk there wasn't ever a job made under	doc03	Jul 2019	#1
Yup. Although I thoroughly checked all the number with the official BLS statistics	progree	Jul 2019	#2
Remember those numbers were fake under Obama, the un-employment was	doc03	Jul 2019	#3
You mean like this?	progree	Jul 2019	#4
Wow he said 40% and 40% of America beleived it.	doc03	Jul 2019	#5
25%? LOL. I remember them trying to tell me it was over 70%.	Downtown Hound	Jul 2019	#7
Trump shouldn't get any credit for any jobs created in 2017.	moose65	Jul 2019	#6
I'm all for a one year lag too -- besides for the reasons you say, that would help Obama's record	progree	Jul 2019	#9
How many of tRumpys 5.6million jobs are/were second or third jobs for the individual	NoMoreRepugs	Jul 2019	#8
Thank you - I was able	JustAnotherGen	Jul 2019	#10
Thanks for letting me know :-) I'm glad to hear n/t.	progree	Jul 2019	#11

Response to progree (Original post)

Sat Jul 6, 2019, 03:34 PM

doc03 (32,780 posts)

1. To hear the Trumkpsters talk there wasn't ever a job made under

Obama. You tell them that or that the Dow increased 300% under Obama it is dismissed as fake news.
Forbes Magazine is now a leftist piece of crap.

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Response to doc03 (Reply #1)

Sat Jul 6, 2019, 03:46 PM

progree (10,000 posts)

2. Yup. Although I thoroughly checked all the number with the official BLS statistics

(links in my OP), so if they quote BLS numbers, as Trump and Munchkin and Fox etc. always do (except perhaps in the bad months like February and May this year), then they will have to live with all the BLS numbers.

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Response to progree (Reply #2)

Sat Jul 6, 2019, 03:51 PM

doc03 (32,780 posts)

3. Remember those numbers were fake under Obama, the un-employment was

really 25%.

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Response to doc03 (Reply #3)

Sat Jul 6, 2019, 04:00 PM

progree (10,000 posts)

4. You mean like this?

"Not a real recovery, phony numbers" 9/7/12
"We can rev up this economy like it should be, not with false numbers" 8/11/13
"... totally phony number." 5/31/14
"Nobody has jobs ... it is not a real economy. It is a phony set of numbers." 10/11/15
"The terrible jobs report that just came out... phony numbers" 11/4/16

Link to tweet

/photo/1

I can also dig up where he claimed there were 94 million jobless Americans and that the real unemployment rate is around 40% (100% minus Labor Force Participation Rate at the time).

Well, it's now 96,057,000 jobless Americans (it was 94,389,000 in the inaugural month of January 2017)
Not In Labor Force http://data.bls.gov/timeseries/LNS15000000
(Age 16 and above, including centenarians)

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Response to progree (Reply #4)

Sat Jul 6, 2019, 04:05 PM

doc03 (32,780 posts)

5. Wow he said 40% and 40% of America beleived it.

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Response to doc03 (Reply #3)

Sat Jul 6, 2019, 04:55 PM

Downtown Hound (12,618 posts)

7. 25%? LOL. I remember them trying to tell me it was over 70%.

I actually heard an anti-Obama idiot try and argue that. I responded with that there were just over 300 million people in the U.S. and if that figure was true, then well over 200 million of them are unemployed. That would mean almost every store couldn't function and there would literally be hundreds of millions of homeless people. I could tell that that made him think for a moment and, after a brief moment of introspection, the brainwashing took over, and all he could say was, "It really IS that high."

Ugh.

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Response to progree (Original post)

Sat Jul 6, 2019, 04:22 PM

moose65 (2,883 posts)

6. Trump shouldn't get any credit for any jobs created in 2017.

He didn’t do anything to affect the job market for at least 6 months. The US economy is a huge behemoth, and it has an inertia of its own. It takes a long time to turn it around, either way.

Most of the jobs created since 2017 are the result of policies implemented by Obama.

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Response to moose65 (Reply #6)

Sat Jul 6, 2019, 07:33 PM

progree (10,000 posts)

9. I'm all for a one year lag too -- besides for the reasons you say, that would help Obama's record

too. His first year -- February 2009 through January 2010 -- was a loss of 4,267,000 jobs (an average of 356,000 lost per month), a carryover of the Bush housing crash, and significantly hurting Obama's 8 year total .

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Response to progree (Original post)

Sat Jul 6, 2019, 05:35 PM

NoMoreRepugs (7,733 posts)