Saturday, September 02, 2017

NOT FAKE NEWS : ON JOBS TRUMP DOING WELL JUST NOT AS GOOD AS OBAMA

Well, it depends what sort of jobs too?

Trump seems to have created lots more low wage, low skill jobs such as bartender and waitress.

But here's 'fake news' CNN on the cold, hard, real, actual statistics:

Donald Trump's job record as president so far has been pretty good. It's just not as good as Barack Obama's.

Employers added 1,189,000 jobs in February through August, according to data released Friday.

That falls short of the 1,375,000 jobs created during Obama's last seven months.

That means Trump is trailing Obama by 186,000 jobs when you compare the end of one presidency to the start of another.

Here's another way to look at it: How is Trump faring on a straight year-over-year basis? He lags Obama there, too. There have been 1,189,000 jobs created under his watch so far, compared to 1,422,000 between February and August 2016.

Of course, Trump's seven-month record is far better than Obama's first seven months in office, when the economy lost 3.6 million jobs. That's because Obama was sworn in during the worst downturn since the Great Depression. The economy was hemorrhaging jobs.

By contrast, Obama handed Trump an economy that was close to what economists consider full employment. The unemployment rate on Inauguration Day was 4.8%, and it has fallen since then to 4.4%.

In fact, if Obama left a problem for Trump, it wasn't that the economy was too weak -- it was that the labor market was almost too strong. At full employment, businesses have an extremely difficult time finding available, qualified workers to fill job openings.

[source : How Trump compares with Obama so far on jobs, CNN, http://money.cnn.com/2017/09/01/news/economy/jobs-trump-vs-obama/index.html, 1st September 2017]

I know it's early days yet, but so far Trump is nothing special. In fact, he's a bit of a bore. If he tells a joke you've probably heard it before. But Trump has a talent. A wonderful thing. Coz everyone listens when he starts to claim credit for jobs announced under Obama...


0 Comments:

Post a Comment

<< Home