Wednesday, September 20, 2017

Trump data on Job Growth

ANOTHER TRUMP WHOPPER ON JOBS: "Companies are moving back, creating job growth, the likes of which our country has not seen in a very long time," Trump said in his speech to the United Nations. Actually, job growth is following more or less the same pattern it did last year (when candidate Trump repeatedly complained that the economy was in lousy shape). Indeed, CNN Money's Patrick Gillespie reports, if you have the bad manners to compare job growth in 2017 to job growth in 2016 you'll find that 2016's was a little bit faster. 
"The U.S. has added an average of 176,000 new jobs a month so far this year," writes Gillespie. "Last year the U.S. economy added an average of 194,000 jobs a month in the same period, between January and August. The full-year average for 2016 was also above 2017's pace at 187,000 jobs a month, according to Labor Department data." More here.

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