So let's talk about those 600,000 new jobs created by the so-called "jobs" president. The actual number is 601,000 in February - May (a number that will very likely be revised down next month). What follows is the job created over the last 7 years for the same time period....
2011 - 966,000
2012 - 698,000
2013 - 856,000
2014 - 951,000
2015 - 878,000
2016 - 585,000
2017 - 601,000
Now, couple that with a labor force participation rate that has dropped over the last 4 months from 63% down to 62.7%, and not only do you find that Trump is NOT the greatest jobs president ever, but whatever he's doing is only making things worse. The drop in the labor force participation rate is the only reason we are seeing the unemployment rate drop.
There is no doubt there are a lot of jobs available out there. Openings have been available for the last 6 months to a year and have nothing to do with Trump. The problem is, nobody wants to take those jobs, the labor market appears to be saturated. Eventually you will start to see companies move, as Carrier just did, or there will be more automation introduced. But of course we will continue to hear Trump ignore the numbers and continue to boast about what a great "jobs" president he is
Grandpa0594 |
