Economy

How Trump compares with Obama so far on jobs

How Trump compares with Obama so far on jobs”

On average, the economy created 179,000 jobs in each of the first six months of Trump's presidency.

Economy keeps humming: July was likely another good month for jobs.

While the United States has added 1.07 million jobs during Pres. Trump's six months in office, he isn't entirely responsible for the job market's wins and losses.

Sure, you can point out that growth was faster under Barack Obama a year ago, that wages are still growing too slowly and that at some point the Fed will move to increase interest rates. Both round to 1.1 million, and the 10,000 difference is well within the margin of error of the Labor Department estimate. "The continued elimination of job-killing regulations and tax cuts are the next steps that will increase this initial momentum in a new era of economic growth in our nation", he added.

The unemployment rate has fallen to 4.3 percent, a level that many economists consider near full employment.

In fact, if Obama left a problem for Trump, it wasn't that the economy was too weak - it was that the labor market was nearly too strong. Employers may well be hiring faster if they weren't having so much trouble finding the workers they need. That brought the total number of jobs created since the start of February to 107 million.

The odds have become much better for people looking for work. Many job stifling regulations continue to fall.

The Trump economy turns six months old on Friday. Since then, the United States has added 863,000 jobs.



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