The economy has now created more than 13.7 million jobs since January 2021. As stevebenen writes, that's more than double the combined total of Donald Trump’s first three years in the White House.
Employment growth eased in June, taking some steam out of what had been a stunningly strong labor market. Nonfarm payrolls increased 209,000 in June and the unemployment rate was 3.6%, the Labor Department reported Friday. That compared to the Dow Jones consensus estimates for growth of 240,000 and a jobless level of 3.6%.
With revisions from April and May factored in, we’ve now seen roughly 1.67 million jobs created so far this year — and that’s after just half of 2023. What’s more, today’s report pointed to sold wage growth and an unemployment rate that’s been below 4% for a year and a half. The preliminary total for the month might appear underwhelming, but it appears the job market is starting to return to a pre-pandemic normal.
Put it this way: When monthly job growth of 209,000 strikes some as disappointing, it’s evidence of people growing accustomed to amazing economic news.to put the data in perspective. Over the course of the first three years of Donald Trump’s presidency — when the Republican said the United States’ economy was the greatest in the history of the planet — the economy created roughly 6.35 million jobs, spanning all of 2017, 2018 and 2019.
According to the latest tally, the U.S. economy has created roughly 13.7 million jobs since January 2021 — more than double the combined total of Trump’s first three years.. I have a hunch GOP officials will keep the trend going today.
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