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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]
Snopes Hammer 07:35 PM 02-07-2020

[Reply]
petegz28 07:36 PM 02-07-2020
Originally Posted by Snopes Hammer:
:-)
[Reply]
Reerun_KC 07:42 PM 02-07-2020
Originally Posted by JohnnyHammersticks:
Nightmares
[Reply]
Reerun_KC 07:42 PM 02-07-2020
Originally Posted by Snopes Hammer:
That sucks. Your fault for allowing this to happen.
[Reply]
HemiEd 07:58 PM 02-07-2020
U.S. Economy Added 225,000 Jobs in January
Robust payroll gain points to continued healthy labor market; jobless rate was 3.6%


U.S. hiring strengthened in January as more Americans hopped into the labor market, helping rev up the economy at the start of the year.

Employers added 225,000 jobs last month and the unemployment rate ticked up to 3.6% from 3.5% in December, an increase that reflected more people looking for work, the Labor Department said Friday.

https://www.wsj.com/articles/january...rt-11581076802


Aren't Lex threads great! Next thing you know he will be talking about how bad the China deal is for the stock market. :-)
[Reply]
DJJasonp 08:04 PM 02-07-2020
Originally Posted by Easy 6:
“Those jobs aren’t coming back!”

That’s all you need to know about sellout Barry
"if you got a business - you didnt build that!"
[Reply]
Pawnmower 08:09 PM 02-07-2020
It's harder to grow an economy that's already doing well. It's easier to grow an economy that has shrunk.

Trump deserves credit for keeping the economy going...just like he would get blame if it collapsed.

Those who cant be fair are butthurt sore losers. I didnt want trump, wouldn't vote for him... but I'm not going to constantly whine and make up reasons to be mad. Credit where credit is due.
[Reply]
IowaHawkeyeChief 08:12 PM 02-07-2020
Fuck... this thread is epic as well. Hey Lex, would you like to put job growth by sector, full time vs. part time or is that too hard for you.

Lone is right behind you with his 3% growth posts... He doesn't seem to realize that Boeing has been a .5% drag on GDP and the Trade war and estimated .7% on GDP... Guess what, both those things are turning around right now...

Lex and Lone, the king's of prognostication...
[Reply]
mlyonsd 08:14 PM 02-07-2020
Originally Posted by Pawnmower:
It's harder to grow an economy that's already doing well. It's easier to grow an economy that has shrunk.

Trump deserves credit for keeping the economy going...just like he would get blame if it collapsed.

Those who cant be fair are butthurt sore losers. I didnt want trump, wouldn't vote for him... but I'm not going to constantly whine and make up reasons to be mad. Credit where credit is due.
Damn. I just rep'd you in a different thread and can't rep you again for this one.
[Reply]
stevieray 08:47 PM 02-07-2020
Originally Posted by Over Yonder:
If it wasn't for federal labor laws and unions protecting the lazy among us, I wouldn't be scared to bump your estimate up closer to 15-18%. I know many people who actually hold jobs who I wouldn't hire to walk my non-existent dog, but they know the system/game and can't be touched.

It's a real black eye to the productive ability of a nation that once could build anything under the sun. :-)
Blame Bill Clinton

....and then watch Death by China.
[Reply]
Snopes Hammer 09:49 PM 02-07-2020
Originally Posted by IowaHawkeyeChief:
****... this thread is epic as well. Hey Lex, would you like to put job growth by sector, full time vs. part time or is that too hard for you.

Lone is right behind you with his 3% growth posts... He doesn't seem to realize that Boeing has been a .5% drag on GDP and the Trade war and estimated .7% on GDP... Guess what, both those things are turning around right now...

Lex and Lone, the king's of prognostication...
Why don't you help him out?
[Reply]
GloryDayz 10:46 PM 02-07-2020
Originally Posted by Snopes Hammer:
Evidently none of those jobs are at a gym....

Fat whore!
[Reply]
IowaHawkeyeChief 05:16 AM 02-08-2020
Originally Posted by Snopes Hammer:
Why don't you help him out?
I'm at an airport flying back from Miami and the wonderful Chiefs win...

getting ready to board, so don't have time to post... However,

Hint:

There is a CNN article, just to compare apples to apples that discuss Obama's great job success that was written in 2016...
[Reply]
Loneiguana 06:14 AM 02-08-2020
Originally Posted by IowaHawkeyeChief:
****... this thread is epic as well. Hey Lex, would you like to put job growth by sector, full time vs. part time or is that too hard for you.

Lone is right behind you with his 3% growth posts... He doesn't seem to realize that Boeing has been a .5% drag on GDP and the Trade war and estimated .7% on GDP... Guess what, both those things are turning around right now...

Lex and Lone, the king's of prognostication...
Look at this pussy giving lame excuses for why Trump hasnt delivered on 3 percent growth like he promised.
[Reply]
Naptown Chief 07:05 AM 02-08-2020
Originally Posted by Loneiguana:
Look at this pussy giving lame excuses for why Trump hasnt delivered on 3 percent growth like he promised.
https://www.chiefsplanet.com/BB/showthread.php?t=329108
[Reply]
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