Friday, August 23, 2019

Brief update: Trump jobs, Obama jobs

Since I've been tracking the comparative job creation under Trump and Obama these past couple of years ( here, here, here, here, and here), a brief update.

Over the 30 full months of the Trump presidency now on the books, 5.736 million jobs were created, for a monthly average of 191,200.

Over the final 30 months of the Obama presidency, 6.611 million jobs were created, for a monthly average of  220,367.

So Obama averages 29,000 more jobs per month than Trump over those consecutive 30-month periods.

Yes, that's a really big difference. When you're arguing with your Uncle Bob, tell him Obama created almost thirty thousand more jobs per month than Trump, month after month after month. Show him where he can see for himself.

Check my arithmetic. The monthly job data from the authoritative Bureau of Labor Statistics is here.  I'm assigning the months February 2017 through July 2019 to Trump, and August 2014 through January 2017 to Obama.

I'll make it easy. Copy and paste the following into your calculator and divide by 30:

Trump: 141+127+213+128+229+204+187+18+260+220+174+171+330+182+196+
270+262+178+282+108+277+196+227+312+56+153+216+62+193+164

Obama:  188+311+258+286+269+213+248+77+300+319+170+293+122+133+339+
235+280+90+232+234+211+15+282+336+135+270+128+170+215+252

Want to keep January 2017 "neutral" and leave it out of the calculations? Go ahead. Give Obama July 2014 instead. It shaves a mere 800 jobs off Obama's monthly average.

Looking ahead, Obama's relative advantage will continue to grow month by month. That's because he created 324,000 jobs in June 2014, 221,000 in May, 327,000 in April, and 250,000 in March.

As I've previously reported, Obama averaged 207,000 jobs created per month over his final 5 years in office. Yes he did.

Copyright (C) 2019 James Michael Brennan, All Rights Reserved

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