deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,642
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- Banned
- #41
How Trump compares with Obama so far on jobs
Of course, Trump's five-month record is far better than Obama's first five months, when 3 million jobs were lost. That's because Obama was sworn in during the worst economic downturn since the Great Depression, when 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 June.
Trump's record of 863,000 jobs in five months is less than the 955,000 added during the same period a year ago. It also trails the first five months of Obama's second term, when 1 million jobs were added, and the first five months of George W. Bush's second term, when 1.2 million jobs were added.
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Trump wants to destroy everything Obama did. Presumably, that includes the economic recovery.
Of course, Trump's five-month record is far better than Obama's first five months, when 3 million jobs were lost. That's because Obama was sworn in during the worst economic downturn since the Great Depression, when 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 June.
Trump's record of 863,000 jobs in five months is less than the 955,000 added during the same period a year ago. It also trails the first five months of Obama's second term, when 1 million jobs were added, and the first five months of George W. Bush's second term, when 1.2 million jobs were added.
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Trump wants to destroy everything Obama did. Presumably, that includes the economic recovery.