How Trump compares with Obama so far on jobs

Paterniano Del Favero
Agosto 5, 2017

The first jobs report under President Trump was February. They are about actual good news.

Today, data was released showing that the United States created 209,000 jobs in July, comfortably beating expectations. Some 209,000 jobs were created last month - more than the 183,000 forecast - as the economy continues into its ninth year of growth.

Sure, you can point out that growth was faster under Barack Obama past year, that wages are still growing too slowly and that at some point the Fed will move to increase interest rates. July was the 82nd consecutive month of job growth. Wages, however, have not risen by as much as most economists would expect if the economy were operating at full employment.

The unemployment rate has fallen to 4.3 percent, a level that many economists consider near full employment.

The odds have become much better for people looking for work.

"This jobs report is proof positive that President Trump's policies and principles are creating and returning new jobs to Americans who had been left on the sidelines of our economy for way too long", said Michael Glassner, executive director of Donald J. Trump for President, Inc. Almost twice as many people are quitting jobs as are being laid off or fired - a sign of a strong labor market. It essentially matches the first six months of Obama's second term, when 1.1 million jobs were added. The same goes for Obama's first six months, which came shortly after Lehman Brothers collapsed and the global financial system seized up during the end of George W. Bush's tenure. But by the first six months of his second term, employers added 1.5 million jobs, outpacing Trump's six-month total.

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