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Washington DC and The Holy Land>How Trump's three years of job gains compares to Obama's
Lex Luthor 11:53 AM 02-07-2020
Some interesting statistics on job growth that Trump supporters will claim don't matter or insist are just fake news ...

Originally Posted by :
How Trump's three years of job gains compares to Obama's

President Donald Trump says he is particularly pleased with the jobs created during his three years in office.

"We're producing jobs like you have never seen before in this country," he said during a recent speech in Michigan.

But you don't have to go back far to find three years of better job growth. Just to back to the previous three years under Barack Obama.

During Trump's first 35 months in office, the US economy has gained 6.69 million jobs. But during a comparable 35-month period at the end of Obama's tenure, employers added 7.96 million jobs, or 19%, more than what has been added since Trump took office.

The average monthly gain so far under Trump is 191,000 jobs. During the last 35 months under Obama, employers were adding an average of 227,000 jobs a month.

On Friday, the Labor Department will report January job growth, concluding the first three years of the Trump administration. Economists surveyed by Reuters forecast that employers added 160,000 in January, which would be a bit better than the 145,000 jobs added in December.

The job record under Trump is far better than the job record during Obama's first 35 months in office, when the economy lost 1.2 million jobs. But Obama took office in the midst of the worst financial crisis since the Great Depression. In the final job reading before Obama took office, the economy lost 783,000 jobs in that month alone. And it continued to lose jobs throughout the rest of 2009 as Obama's economic policies went into effect.

By comparison, Trump took office with the labor market in relatively good shape, with unemployment at 4.7%, and a string of 76 straight months of job gains. The labor market has clearly continued to improve. Unemployment of 3.5% is at a 50-year low now. But it is a continuation of an improving job market, not the turnaround that occurred in the early years of the Obama administration.

And Trump's job record is not unique. A gain of more than 6.7 million jobs during a 35-month period has been common during the 80 years that the Labor Department has counted jobs. There are hundreds of overlapping 35-month periods of better growth on record.

At this point in his first and only term, Jimmy Carter had enjoyed a gain of about 10 million jobs. Employers added 8.5 million jobs during the first 35 months of Bill Clinton's term and 7.6 million jobs during the first 35 months of Lyndon Johnson's tenure, even though the labor force at that time was less than half the size of what it is today.
https://www.cnn.com/2020/02/06/econo...son/index.html

Trump keeps telling the Big Lie, and his supporters continue to swallow it, hook, line, and sinker.

To summarize:
  1. Job growth in the last 35 months under Obama far surpassed job growth in the first 35 months under Trump.
  2. When Obama took office, he inherited the worst financial crisis since the Great Depression.
  3. When Trump took office, we already had 76 consecutive months of job growth. Job growth declined by an average of 36,000 jobs per month after Trump took office.
  4. During Trump's time in office, the deficit exploded to over a trillion dollars a year, despite the massive GOP tax cuts that were supposed to pay for themselves.

Despite items 1-4 above, Trump continues to tell the Big Lie and claim that the economy is performing far better under him than it has ever performed.

And the members of the Cult of Trump continue to believe it.


[Reply]
Naptown Chief 11:56 AM 02-07-2020
Arby's or not I wanna see it

[Reply]
Randallflagg 12:00 PM 02-07-2020
Originally Posted by Lex Luthor:
Some interesting statistics on job growth that Trump supporters will claim don't matter or insist are just fake news ...



https://www.cnn.com/2020/02/06/econo...son/index.html

Trump keeps telling the Big Lie, and his supporters continue to swallow it, hook, line, and sinker.

To summarize:
  1. Job growth in the last 35 months under Obama far surpassed job growth in the first 35 months under Trump.
  2. When Obama took office, he inherited the worst financial crisis since the Great Depression.
  3. When Trump took office, we already had 76 consecutive months of job growth. Job growth declined by an average of 36,000 jobs per month after Trump took office.
  4. During Trump's time in office, the deficit exploded to over a trillion dollars a year, despite the massive GOP tax cuts that were supposed to pay for themselves.

Despite items 1-4 above, Trump continues to tell the Big Lie and claim that the economy is performing far better under him than it has ever performed.

And the members of the Cult of Trump continue to believe it.


Good Lord......
[Reply]
Hydrae 12:02 PM 02-07-2020
Just curious about the pay rates for all of those new jobs. It is my understanding that many of the jobs under Obama were low wage positions.
[Reply]
HemiEd 12:04 PM 02-07-2020
Have you ever heard the old story "figures don't lie but liars can figure?"


You might want to consider where Obama started, consider it almost ground zero.

Remember the recession? Hell, lots of people were not only out of work, many had even quit looking.

So with all of the Obama bailouts, from that bottom, I would hope like hell he would show some job growth and stock market growth.


Simple math, if you have 1 and grow it to 2, it is 100% increase. If you start with 6 and grow it twelve, that is still only a 100% increase.

Of course then you liberals say "Obama created all the momentum and Trump is only continuing that."

Trump has added manufacturing jobs that Obama said would never come back.
He has done it by enabling business and manufacturing to survive and prosper here instead of selling them out to foreign interests.

When business flourishes, they hire people, simple really. Bernie continues to paint the picture of "Evil big Corporations" and just yesterday, Pelosi was berating "big Pharma" that is required to function under guidelines and laws set forth by the FDA.
[Reply]
Randallflagg 12:07 PM 02-07-2020
WASHINGTON
Hiring jumped last month as U.S. employers added a robust 225,000 jobs, bolstering an economy that faces threats from China’s viral outbreak, an ongoing trade war and struggles at Boeing.

The Labor Department also said Friday that a half-million people streamed into the job market in January, though not all of them found jobs. That influx meant that more people were counted as unemployed, and it boosted the jobless rate to 3.6% from a half-century low of 3.5% in December.

The government’s monthly jobs report signaled that businesses remain confident enough to keep hiring, with the pace of job growth accelerating from a year ago. Solid consumer spending is offsetting drags from the trade war and declining business investment.

The job gains also give President Donald Trump more evidence for his argument that the economy is flourishing under his watch. The Democratic contenders vying to oppose him, who will debate Friday night in New Hampshire, have embraced a counter-argument: That the economy’s benefits are disproportionately benefiting wealthier Americans.





Read more here: https://www.kansascity.com/news/busi...#storylink=cpy

Read more here: https://www.kansascity.com/news/busi...#storylink=cpy
[Reply]
Loneiguana 12:09 PM 02-07-2020
Lets see. Weaker Job numbers than Obama.

Has not delivered on 3 percent growth like promised after 3 years.

Hot stock market mainly because of lowered interest rates.

Hmmm.

So Obama had a stronger job market, the same GDP growth, and Hot stock market because of lowered interest rates.

Sounds like Trump's economy is weak than Obama's.
[Reply]
HemiEd 12:10 PM 02-07-2020
Originally Posted by Hydrae:
Just curious about the pay rates for all of those new jobs. It is my understanding that many of the jobs under Obama were low wage positions.
Good point, I remember stories about a lot of people taking part time or fast food jobs.
[Reply]
Randallflagg 12:14 PM 02-07-2020
Originally Posted by Loneiguana:
Lets see. Weaker Job numbers than Obama.

Has not delivered on 3 percent growth like promised after 3 years.

Hot stock market mainly because of lowered interest rates.

Hmmm.

So Obama had a stronger job market, the same GDP growth, and Hot stock market because of lowered interest rates.

Sounds like Trump's economy is weak than Obama's.
Bless your little heart.......
[Reply]
Garcia Bronco 12:33 PM 02-07-2020
"Big Lie and claim that the economy is performing far better under him than it has ever performed."

This claim is always an opinion. Opinions aren't lies. They are opinions. Never argue opinions. It's a waste of your time.
[Reply]
Halfcan 01:36 PM 02-07-2020
It looks like another Failed Lex thread.

Soon as he cries about something- Trump bitch slaps him.
[Reply]
Halfcan 01:37 PM 02-07-2020
Many people lost their homes, jobs and 40l K's under Obummer. Yet these idiots keep singing his praises. Insanity.
[Reply]
GloryDayz 01:50 PM 02-07-2020
Originally Posted by Lex Luthor:
Bla bla bla, words....

Fixed.
[Reply]
Loneiguana 02:03 PM 02-07-2020
Originally Posted by Halfcan:
Many people lost their homes, jobs and 40l K's under Obummer. Yet these idiots keep singing his praises. Insanity.
Idiot blames Obama for recession that started before Obama was in office. News at 11.
[Reply]
alpha_omega 02:14 PM 02-07-2020
Originally Posted by Loneiguana:
Idiot blames Obama for recession that started before Obama was in office. News at 11.
Loneiguana name calls....film at 11.
[Reply]
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