The U.S. Labor Department reported that the economy created 263,000 new jobs in April and that the unemployment rate came in at 3.6%. It was the 104th straight month of positive job growth. The report also adjusted March's job creation as 9,000 less jobs than previously reported for that month. The news media in general followed Trump and the republican's script with praise for the April job numbers even though those same numbers produced during the Obama administration was met with any lack of expression.
In Trump's first 27 months in office a total of 5,132,000 new jobs have been created for a monthly average of 190,074 new jobs. In Obama's last 27 months in office 5,761,000 new jobs were created for a monthly average of 213,370 new jobs. So the Trump-GOP tax cuts for corporate America and the wealthy did not create any additional new jobs in the last 27 months compared to the previous 27 months and is a stalk reminder of the Trump-GOP's reported lies about tax cuts. The economic recovery plan that President Obama and the democratic controlled congress passed in Obama's first two years in office, including the $700 billion stimulus proved to be a solid base for economic recovery.
The only question remaining concerns Trump's ability to keep the economy and job creation at a sustained level through out his administration.
This commentary written by Joe Lorio
