Despite President Trump’s claim about creating a million jobs on June 1 when the number was at 600,000, and Sarah Huckabee Sanders claim last week when it was 863,000, job growth only hit the one million mark on August 4.
He tweeted after the Labor Department released the report:
“Excellent Jobs Numbers just released – and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!”
However, job creation has remained steady with no visible ‘Trump Bump’ in job growth. In fact, the pattern of job growth has remained basically the same except a slight decrease since President Obama left the White House.
According to the Labor Department, an average of 184,000 jobs per month have been created in 2017, if you eliminate January when President Obama was still in office it is lower at 179,000 a month. Job growth averaged at 187,000 in 2016.
Weak wage growth is another issue as Sen. Martin Heinrich (D-N.M.), ranking member of the Joint Economic Committee, points out.
“After nearly eight months on the job, President Trump has failed to come up with a cogent plan to create good-paying jobs and increase wages,” Henrich said in a written statement. “As a result, wages are barely exceeding inflation, and more than 100,000 workers have been laid off as companies continue to close American operations and ship jobs overseas.”
Essentially, Trump has had no positive effect on either job or wage increases.
What do you think about this?