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Sat Jul 6, 2019, 06:16 PM

Forbes: Trump Is Falling Almost 1 Million Jobs Short Vs. Obama

The U.S. Bureau of Labor announced that the economy added 224,000 jobs in June vs. expectations of 160,000 and May’s revised result of 72,000. The 224,000 is still strong, but there were revisions to April and May that subtracted 11,000 people hired in those months and government employment added 33,000. Overall private payrolls added 191,000 employees.

The stock markets are reacting negatively due to the jobs number being stronger than expected since investors are lowering their expectations that the Fed will cut interest rates by 50 basis points later this month. A 25 basis point downward move is still being priced into the market, but that may wind up being optimistic due to the strong report.

Over 29 months Obama added almost 1 million more jobs than Trump

Trump entered office on January 20, 2017, and starting with February 2017 he has been President for 29 months. Total job growth during that time has been 5.613 million or 194,000 per month with those results being helped by the tax cut.

Working back from January 2017, Obama’s last month in office, there had been 6.423 million jobs added or 221,000 per month. The difference for the 29 months is 810,000 more jobs or 27,000 more per month than Trump.

Job growth is slowing down

To help smooth out any one months result it is worthwhile to look at 3, 6 and 12-month trailing numbers. You can see the slowdown in the number of jobs being added when you look at these averages.

12 month per month average of 192,000 equals 2.3 million per year (and the second month in a row it has been under 200,000 per month)
6 month per month average of 172,000 equals 2.07 million per year
3 month per month average of 171,000 equals 2.05 million per year


https://www.forbes.com/sites/chuckjones/2019/07/05/trump-is-falling-almost-1-million-jobs-short-vs-obama/#5d8fc7388caa

7 replies, 258 views

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Reply Forbes: Trump Is Falling Almost 1 Million Jobs Short Vs. Obama (Original post)
LavenderGirl Jul 2019 OP
quad489 Jul 2019 #1
LavenderGirl Jul 2019 #5
quad489 Jul 2019 #6
imwithfred Jul 2019 #2
def_con5 Jul 2019 #3
wonderwarthog Jul 2019 #4
Oldgeezer Jul 2019 #7

Response to LavenderGirl (Original post)

Sat Jul 6, 2019, 06:20 PM

1. LOL!!!

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Response to quad489 (Reply #1)

Sat Jul 6, 2019, 06:33 PM

5. That lefty tool of the International Socialist Conspiracy known as Forbes weighs in

@ MAGAts

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Response to LavenderGirl (Reply #5)

Sat Jul 6, 2019, 07:06 PM

6. It's sad when posters believe low UE rates have zero impact on job market growth....

@ GNDbots

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Response to LavenderGirl (Original post)

Sat Jul 6, 2019, 06:23 PM

2. Is there anything about life that you like?

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Response to LavenderGirl (Original post)

Sat Jul 6, 2019, 06:24 PM

3. Dueling stats

Here's another broad measure of the economy GDP growth.

1,6% average under BHA

2,8% average under DJT through 2018, now over 3%.

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Response to LavenderGirl (Original post)

Sat Jul 6, 2019, 06:27 PM

4. Revolutionary War Airline Stocks



Are taking off!


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Response to LavenderGirl (Original post)

Sat Jul 6, 2019, 10:34 PM

7. We've been over this already today

Because he(Obama) had a much larger pool to draw from....unemployed and looking.

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