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TRUMP’S ‘JOB BOOM’ FAKE NEWS: 2017 WAS THE WORST YEAR FOR JOB CREATION SINCE 2011

By jazz_music follow jazz_music   2019 Jul 8, 12:49pm 977 views   21 comments   watch   nsfw   quote   share    


https://thinkprogress.org/trump-job-boom-actually-the-fewest-number-of-jobs-created-in-the-last-6-years-0465cb9b54c2/

During his presidential campaign, Donald Trump promised he’d be the “greatest jobs president God ever created.” And as his administration has become increasingly embroiled in scandal during the first year of his presidency, Trump has routinely fallen back on bragging about the allegedly unbelievable job creation he’s overseen.

Putting Pelosi/Schumer Liberal Puppet Jones into office in Alabama would hurt our great Republican Agenda of low on taxes, tough on crime, strong on military and borders...& so much more. Look at your 401-k’s since Election. Highest Stock Market EVER! Jobs are roaring back!

But there’s just one problem — according to the latest jobs data, 2017 saw the most anemic job growth in America since Obama’s first term, when the economy was pulling out of the Great Recession he inherited from George W. Bush.

“U.S. job gains slowed by more than forecast in December, wage growth picked up slightly and the unemployment rate held at the lowest level since 2000, adding to signs of a full-employment economy,” Bloomberg reported. “The job gains, while less than forecast, bring the 2017 total to 2.06 million jobs — below 2016.”

According to data from the Bureau of Labor Statistics, the 2.06 million jobs created last year were actually the fewest in a year since 2011. Here’s the year-by-year breakdown of jobs added since then.

Even Trump’s favorite TV network — Fox News, which largely covers him uncritically — acknowledges that average monthly job gains during Trump’s first year were the least since 2010.

Fox News Research
Average Monthly #Job Gains
-by year

•2017: 171,000
•2016: 187,000
•2015: 226,000
•2014: 250,000
•2013: 192,000
•2012: 179,000
•2011: 174,000
•2010: 88,000#JobsReport

With an underwhelming job creation record, Trump’s economic brags of late have mostly been about the stock market.

@realDonaldTrump
The Fake News Media barely mentions the fact that the Stock Market just hit another New Record and that business in the U.S. is booming...but the people know! Can you imagine if “O” was president and had these numbers - would be biggest story on earth! Dow now over 25,000.

But the percentage of Americans who own stock is at a historic low — according to research Gallup conducted in 2016, “slightly more than half of Americans (52 percent) say they currently have money in the stock market, matching the lowest ownership rate in Gallup’s 19-year trend.”

In short, stock market gains aren’t necessarily benefiting working-class Americans, and the latest jobs data shows that wages aren’t rising much either. And while Trump is in the habit of touting how the Republican tax cut bill will juice the economy, nonpartisan analyses have concluded that the vast majority of the benefits will accrue to the top one percent.

And as is the case with job creation, Trump’s first-year record with regard to the stock market underperformed Obama’s.

@SteveRattner
Increase in Dow under:
- Obama from Jan 20, 2009 to Jan 4, 2010: 33.2%
- Trump from Jan 20, 2017 to Jan 4, 2018: 26.5%

Increase in S&P under:
- Obama from Jan 20, 2009 to Jan 4, 2010: 40.7%
- Trump from Jan 20, 2017 to Jan 4, 2018: 20.0% https://twitter.com/realdonaldtrump/status/948944124132167680

@realDonaldTrump
Dow just crashes through 25,000. Congrats! Big cuts in unnecessary regulations continuing.

The 2017 jobs numbers also indicate that Trump is misguided in his oft-professed belief that rolling back regulations creates jobs.

During the Obama years, Trump routinely argued that government data showing the job market steadily pulling out of the Great Recession were fake — he called the BLS’ unemployment rate “one of the biggest hoaxes in American modern politics.” But in March, then-Press Secretary Sean Spicer clarified that while the numbers “may have been phony in the past,” they are “very real now.”

In other words, Trump has already foreclosed the possibility of dismissing his unimpressive job creation record as fake news. Sad!
1   jazz_music   ignore (13)   2019 Aug 28, 2:25pm     ↓ dislike (0)   quote   flag      

Another example of right wing reporting being untethered from any truth at all.

They carefully hide the amount of participation in the supposedly great economy.

There's a reason why Murdock bought the WSJ, eh?
2   MisdemeanorRebel   ignore (3)   2019 Aug 28, 9:44pm     ↓ dislike (0)   quote   flag      

Comparing a bounceback for the worst recession since the Depression, to a mature recovery, is rather silly.
3   Misc   ignore (0)   2019 Aug 28, 10:02pm     ↓ dislike (0)   quote   flag      

The left always forgets that under Obama the jobs created were all part time jobs. Under Trump, the jobs created were full time jobs and millions upon millions of part time jobs became full time jobs. That's why the economy is soooooooooooooo much better under Trump.
4   FuckTheMainstreamMedia   ignore (7)   2019 Aug 29, 5:40am     ↓ dislike (0)   quote   flag      

You do realize that as the UE rate approaches zero, and as wages rise to attract workers, that the number of new jobs created must necessarily decline, don’t you?

The current unemployment rate is 3.7, which is essentially full employment. Whose creating jobs when there’s no one to hire?
5   FuckTheMainstreamMedia   ignore (7)   2019 Aug 29, 5:40am     ↓ dislike (0)   quote   flag      

HonkpilledMaster says
Comparing a bounceback for the worst recession since the Depression, to a mature recovery, is rather silly.


It’s completely preposterous.
6   marcus   ignore (11)   2019 Aug 29, 6:10am     ↓ dislike (0)   quote   flag      

Misc says
The left always forgets that under Obama the jobs created were all part time jobs. Under Trump, the jobs created were full time jobs and millions upon millions of part time jobs became full time jobs. That's why the economy is soooooooooooooo much better under Trump.



At least your fellow cultists will eat this BS up.
7   Tenpoundbass   ignore (16)   2019 Aug 29, 6:13am     ↓ dislike (0)   quote   flag      

Yeah sure, my company has hired over 50 people so far this year.

Usually we see one or two, usually to replace someone.
8   mostly_reader   ignore (1)   2019 Aug 29, 6:21am     ↓ dislike (0)   quote   flag      

> jazz_music

LOL, you can't make this up. People actually write about job creation being slow. What's the source, "thinkdumbass.org"?

Here's a quick lesson in 101-whatever. Growing from the bottom is easy. Growing when you are close to the top is hard. It gets mathematically impossible to show sustained YoY growth when you are close to the top.

Hey, jazz, what growth would you expect when current unemployment rate is 3.7%? Which in practical terms means that pretty much everyone who's capable and not a complete deadbeat is already employed?
9   jazz_music   ignore (13)   2019 Aug 29, 12:56pm     ↓ dislike (0)   quote   flag      

He didn't raise the debt for you, he's looking to get out of hock from being president.




10   Tenpoundbass   ignore (16)   2019 Aug 29, 4:06pm     ↓ dislike (0)   quote   flag      

jazz_music says


That's the Climate Change Chart with different labels.
11   Tenpoundbass   ignore (16)   2019 Aug 30, 10:33am     ↓ dislike (0)   quote   flag      

Nope my bad it's the dollar index curve.

12   Tenpoundbass   ignore (16)   2019 Aug 30, 10:34am     ↓ dislike (0)   quote   flag      

It's the only squiggly Liberals can draw.
13   jazz_music   ignore (13)   2020 Jun 2, 1:41pm     ↓ dislike (0)   quote   flag      

Trump promises versus results reviewed in the OP
14   marcus   ignore (11)   2020 Jun 2, 2:02pm     ↓ dislike (0)   quote   flag      

APOCALYPSEFUCKisShostakovitch says
If the facts do not stop lying, the facts will be deported.


+++
15   MisdemeanorRebel   ignore (3)   2020 Jun 2, 2:10pm     ↓ dislike (0)   quote   flag      

We go through this over and over again.

The very slow bounceback from the worst recession in almost a century isn't much of an accomplishment.

Pushing well beyond IS an accomplishment, it's much harder.
16   jazz_music   ignore (13)   2020 Jun 2, 2:13pm     ↓ dislike (0)   quote   flag      

NoCoupForYou says
Pushing well beyond IS an accomplishment, it's much harder.





What he said: Donald Trump promised he’d be the “greatest jobs president God ever created.”

Doesn't have any resemblance to your statement
17   marcus   ignore (11)   2020 Jun 2, 2:49pm     ↓ dislike (0)   quote   flag      

Tenpoundbass says
That's the Climate Change Chart with different labels.


Sad thing is that's true,...for some people.

They don't want to know.
18   marcus   ignore (11)   2020 Jun 2, 2:51pm     ↓ dislike (0)   quote   flag      

NoCoupForYou says
it's much harder.


Yeah it costs trillions
19   MisdemeanorRebel   ignore (3)   2020 Jun 2, 3:17pm     ↓ dislike (0)   quote   flag      

marcus says
Yeah it costs trillions


Whereas Obama had to double the deficit to get tepid return to normalcy, followed by a 2-3 year plateau, and only started going back up when Trump announced he was running.
20   jazz_music   ignore (13)   2020 Jun 2, 3:28pm     ↓ dislike (0)   quote   flag      

NoCoupForYou says
started going back up when Trump announced he was running.
Businesses were drooling waiting for a Republican to get into office and flow the tax reductions, incentives and credits. They sequestered government over budget reductions.

Especially business was applying every pressure to repeal ACA.
21   richwicks   ignore (4)   2020 Jun 2, 4:02pm     ↓ dislike (0)   quote   flag      

jazz_music says
https://thinkprogress.org/trump-job-boom-actually-the-fewest-number-of-jobs-created-in-the-last-6-years-0465cb9b54c2/

During his presidential campaign, Donald Trump promised he’d be the “greatest jobs president God ever created.”


Yeah, it's all BS. The statistics the government uses to calculate all this is garbage.

If you can't find a job in 6 months - guess what? You're not unemployed!

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