The U.S. Labor Department reported the economy added 177,000 jobs in April and the unemployment rate came in at 4.2%, same as in March. It was the 51st month of positive job growth. The Department also reported the job numbers for February and March were revised down by 58,000 lobs. Such corrections by the Department takes place in every administration due to updating the numbers.
The U.S. Commerce Department announced later that the first quarter (Jan-March) GDP came in at a negative -0.3%. The previous GDP of the last quarter of 2024 (Oct-Dec) came in at a positive gain of 2.4%. So, now we can report the official numbers for the first quarter of 2025 and the first four months (Jan-Apr) of 2025 to the same period under the Biden administration in 2021.
In Trump's first quarter (Jan-Mar) 2025 the GDP came in at a negative -0.3%. Unemployment was up from 4% when he took office to 4.2% at the end of March. In Biden's first quarter of 2021 the GDP came in at a positive 6.3%. Unemployment decreased from 6.3% when he took office to 6% at the end of March.
In Trump's first four months in office, (Jan-Apr) 641,000 jobs were created. During Biden's first four months, (Jan-Apr) 2021 1,565,000 jobs were created. The official records of job creation can be check and one will find the same level of disproportion in favor of the democratic party for the past 80 plus years. That is why the GOP's poor performance can be predicted in advance like PolitiDose commentary has done for the past 10 years. The general media has yet to understand the numbers and still run with the GOP's standard lies of the democratic party being job killers.
President Biden's numbers are even better when one takes into consideration the economic and fiscal mess Trump left Biden to cope with. On the other hand, Trump took over an economy that stayed on track for four years and delivered to Trump as the WSJ reported, a strong economy with the lowest sustained unemployment in the 3% range since the 1960's.
PolitiDose commentary in December 2024 and January 2025 predicted how the economy under Trump's second term would resemble the failures of the past. And when it takes place, you will have read it here first in PolitiDose, your daily dose of political commentary.
This commentary written by Joe Lorio
Note: The Federal Reserve reported that the personal consumer inflation rate for the first quarter 2025 was 3.6%. It was 2.4% for the same quarter in 2021 and was 2.6% in the fourth quarter of 2024.
