In this morning’s self-congratulatory tweet, Trump touted the strength of the stock market from the day he was elected to today. Notwithstanding the fact that he didn’t enter office until January of 2017, he attempts to make the tenuous connection between the rising Dow Jones Industrial Average and job creation.
Dow goes from 18,589 on November 9, 2016, to 25,075 today, for a new all-time Record. Jumped 1000 points in last 5 weeks, Record fastest 1000 point move in history. This is all about the Make America Great Again agenda! Jobs, Jobs, Jobs. Six trillion dollars in value created!
— Donald J. Trump (@realDonaldTrump) January 5, 2018
However, only hours after Trump tweeted about “Jobs, Jobs, Jobs,” December’s job report was released, showing that a very lukewarm 148,000 jobs were added in the United States this month. This figure is below what the economy added for most of the year.
With December’s job report in, the job growth figures for the full year of 2017 are now in. Under Trump, 2,055,000 jobs were added. That figure is the lowest since 2010, as the country was mired in the Great Recession.
More jobs were added under President Obama every year since 2011.
Source: Bureau of Labor Stastics
US jobs added (in millions):
2011: 2.091
2012: 2.142
2013: 2.302
2014: 2.998
2015: 2.713
2016: 2.240
2017: 2.055President "Jobs Jobs Jobs" just had the worst full year of job growth since the Great Recession.
— Brian Tyler Cohen (@briantylercohen) January 5, 2018
While Trump may certainly lie, the numbers don’t. So far, Trump’s “Make America Great Again agenda” is not that great.
Follow Brian Tyler Cohen on Facebook and Twitter.
