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(NationalSentinel) Writing in Forbes earlier this month, Chuck Jones, who covers technology, the global economy and the stock market as a contributor, made somewhat of a controversial claim: Though POTUS Donald Trump is earning high praise for his jobs-friendly economic policies, President Obama actually added more jobs to the economy than the current commander-in-chief.
Specifically, Jones notes:
Trump - Office - January - February - President
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.
Note - January - Year - Difference - Months
Note that back in January this year the total difference was only 194,000, which means over the past five months it has increased by 616,000. And looking at the next six months with Obama’s job numbers of 188,000 to 327,000 per month, the gap should only increase and cross 1 million.
So, Obama was the ‘jobs president,’ according to Jones — right?
Yes…and - Jones - Claims - Context
Yes…and no. Jones is technically correct but let’s put his claims in context.
First of all, when Obama took office the U.S. economy was shedding jobs fast as the housing and financial markets were melting down. Shortly after he took office, total unemployment around the country soared past 10 percent.
Trump - Office - Unemployment - Rate - Percent
When Trump won and when he officially took office, the unemployment rate had improved to 4.7 percent. Pretty good, but even a dive into those figures reveals that the job situation in America wasn’t anything like it is now.
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