President Trump Likes Taking Credit for Jobs. Here Are the Facts
Katie Reilly
Updated: Apr 12, 2017 1:42 PM ET | Originally published: Mar 30, 2017
President Donald Trump campaigned on a promise to create more jobs for American workers, and since his election, he has regularly touted his ability to negotiate deals that bring jobs to the U.S.
“Since my election, Ford, Fiat-Chrysler, General Motors, Sprint, Softbank, Lockheed, Intel, Walmart, and many others, have announced that they will invest billions of dollars in the United States and will create tens of thousands of new American jobs,” Trump said during his first address to a joint session of Congress in February.
The President has been quick to claim credit for investments companies have made in American jobs. And many companies, no doubt eager to curry favor with the new occupant of the White House, have been quick to give it to him. But it’s more complicated than that. Some of Trump’s claims have been exaggerated. And some of the jobs for which he has claimed credit were actually part of previously announced plans.
Here's a running fact-check of what you need to know, which Fortune is updating as Trump makes more claims.
The claim: "We've created over 600,000 jobs already in a very short period of time," Trump said at a discussion with CEOs on April 11.
The facts: According to the Bureau of Labor Statistics, 533,000 jobs were added to the U.S. economy during the months of January, February and March in 2017. While that number is lower than Trump's estimation, it's also important to note that Trump's term did not begin until noon on Jan. 20, which means he can't accurately claim credit for all 216,000 jobs created in January. In February and March, alone, 317,000 jobs were created — a more accurate measure of Trump's influence.
"Misleading" or "false" we know to predominate in a look at substance of any and all of Trump speeches .. the highest grade he has gained so far is "needs context".
It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.