Just Politics

[Don Quixote]

Again, I dont expect you to know the facts, when your watching nothing but CNN and MSNBC. Trump's Policy "Magic Wand" Boosts Manufacturing Jobs 399% In First 26 Months Over Obama's Last 26. Please catch up here....this is by Forbes. Definitely not a pro-Trump paper. Please catch up on this because you would not have gotten this by CNN or MSNBC...here you go:Paul Krugman, a New York Times columnist and economist, said of President-elect Trump’s manufacturing jobs promises, “Nothing policy can do will bring back those lost jobs. The service sector is the future of work; but nobody wants to hear it.”

Yet last Friday, the U.S. Bureau of Labor Statistics issued its February jobs report. Comparing the Trump administration’s first 26 months of employment data with the last 26 months under Obama is insightful.

Both periods are considered by most economists to be in the mature stage of the business cycle. In Obama’s case, slow economic growth, especially regarding sluggish manufacturing employment, was considered the “new normal.” The national economy grew by 1.6% in 2016, Obama’s last year.

From October 2014 to December 2016, private sector employment grew by 4.4% as the unemployment rate dipped to 4.7%. In the past 26 months, private employers have grown their payrolls by 4.0% as the job market has tightened considerably, with official unemployment dropping to 3.8%.

While overall employment numbers are comparable, the difference in manufacturing is profound. In the last 26 months of Obama’s presidency, manufacturing employment grew by 96,000 or 0.8%. In Trump’s first 26 months, manufacturers added 479,000 jobs, or 3.9%, 399% more jobs than Obama’s record.