The U.S. Labor Department announced that the economy created a weak 22,000 jobs in August and that the unemployment rate came in at 4.3%, it was 4.2% in July and 4% when Biden left office so unemployment is up 0.3% on Trump's watch so far this year. The Department also announced that June's job numbers were reduced down to a negative 13,000 jobs. It was the first monthly job loss since November 2020 during Trump's first term in office.
In August of 2021, the first year of Biden's term in office the economy created 235,000 jobs and the unemployment rate came in at 5.2%, down from the 6.3% when Trump left office. With all the revisions the Labor Department has mad for Trump's first 8 months in office. approximately 600,000 jobs have been created. During the same period of time during Biden's term in office over 3 million jobs were created. The tremendous difference is no surprise to those who are familiar with the facts over the past 96 years.
For Trump, the GOP, the negative voices of doom and gloom during the Biden years and the media who reported the negative voices on the Biden economy was nothing but their BS. But PolitiDose commentary in December 2024 and January 2025 predicted what would take place in Trump administration #2 because of precedent and the past history of GOP administrations over the last 96 years.
And as it has turned out the past 8 months, the future of Trump and the GOP is like their failed past.
This commentary written by Joe Lorio
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