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2017 is rolling on and Trump created more jobs than Obama did in his first term. He isn’t even the President yet folks.
According to the Bureau of Labor Statistics, Donald Trump has created more jobs than President Obama had from 01/2009 to 04/2011, a 2.1 year period. Trump hasn’t even been sworn in yet.
With Carrier’s 1,000 jobs, Trump is now at +1000 jobs. We aren’t counting jobs that have been created as of 11/2016 since Trump’s policies have not created any of those jobs, though one could argue that the “Trump effect” is happening on the stock market.
It took Obama until April 2014, his 6th year in office, to have as many jobs as when he first took office, according to the stats.
As of May 2014, the U.S. economy finally recovered the millions of jobs that the labor market shed between 2008 and 2010.
Jobs: Then and Now
The president’s typical stump speech makes reference to private-sector job growth during the last two years or so. But this time he added a twist when he compared job growth over the last 27 months with Bush’s first seven years.
Obama, June 14: Our businesses have gone back to basics and created over 4 million jobs in the last 27 months — (applause) — more private sector jobs than were created during the entire seven years before this crisis — in a little over two years.
Obama is referring to the increase in private-sector jobs from February 2010 to May 2012. He uses February 2010 as the starting point, because that was the low point for private employment at 106,773,000 jobs. It’s been going up ever since. Right now, it’s at 111,040,000 — an increase of 4,267,000 jobs, according to the Bureau of Labor Statistics.
So, the president is correct about the number of jobs created in the last 27 months.
But then he uses an economic sleight of hand when he compares his best 27-month period with the first seven years of President Bush, ignoring the fact that Bush inherited an economy on the brink of a recession.
Soon after Bush took office, the U.S. economy officially fell into a recession — which lasted from March 2001 to November 2001, as measured by the National Bureau of Economic Research. There is always a lag in job growth after a recession officially ends, and the low point for private-sector employment was not reached until July 2003, when it fell to 108,232,000. By October 2005, which would be 27 months after the job slump ended, the U.S. had 112,491,000 jobs — an increase of 4,259,000 jobs. That’s nearly identical to Obama’s best 27 months after the recession, as you can see from the chart below.
You’ll notice, too, that the chart above shows Bush had more total jobs — which includes not only private-sector jobs, but all government jobs. By using private-sector jobs, the president makes his job-creation record look better.
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