The U.S. Economy Continues To Create Jobs In May

The U.S. Labor Department reported the economy created 223,000 jobs in May and the unemployment rate came in at 3.8%.  It was the 92nd. straight month of positive job growth.  President Trump attempted to grab the spotlight in a tweet by announcing the good news before the Labor Department made their report public.  Past Presidents followed a different path and allowed the Labor Department to make the announcement first in order to not make the economy political.

But the facts tell us that job creation under the Obama administration was better.  Under the Trump administration from February 2017 to May 2018 a period of 16 months, 2,927,000 jobs have been created for a monthly average of 182,937.  Under the Obama administration from October 2015 to January 2017, a total of 16 months and Obamas last 16 months in office a total of 3,254,000 jobs were created for a monthly average of 203, 375.  That is an average of 20,438 more jobs per month under President Obama.

The real story on job creation under Trump will be told when he leaves office and the record is complete.  But Trump's statement that job creation under the Obama administration was weak and is now very strong under his own administration is another one of the President's many lies.  President Obama left the Trumpet man with an economy in its 9th year of expansion, positive job growth and a steady decline in the unemployment rate.

Those who refused to ignore the facts understand the terrible economic conditions President Obama inherited and the quality job he was able to do to turn the economy around.  And he did so despite the republicans in congress and their promise to obstruct and not work with him.  That is all history now and history without having to lie.  And the facts are written down by the CBO and the Office of  Management and Budget.

So the trumpet man has a way to go if he wants to created more jobs.  The  lies won't get him there.  Only the facts will.  And that really says it all about this President.


This commentary written by Joe Lorio