The U.S. Labor Department reported the economy created 162,000 jobs in August and the unemployment rate remained the same at 4.1%. In Trump's first 8 months of 2026 the economy created an average of 80,000 jobs per month and noted that it was well below the 166,000 jobs per month the economy created under Biden in 2023 and 2024. The Department also reported wages were up 3.1% over the previous August, but the weakest since May of 2021.
We can now compare how the economy did during Biden's 8th month in office in his second year as President. In August 2022 the economy created 315,000 jobs and the unemployment rate came in at 3.7%. The average number of jobs created per month during the year 2022 was 497,000 jobs per month. Trump's job numbers add up as follows for his 5 years and 8 months as President as of this writing, the economy has lost approximately 1.8 million jobs. Only GOP President Herbert Hoover has a worse job creation record than Trump in the last 98 years.
Precedent continues to tell us that in the past 96 years, GOP administrations are terrible at creating jobs and Trump and his administration continue the precedent. So, stay tuned to PolitiDose commentary for your daily dose of political commentary.
This commentary written by Joe Lorio
