Trump’s claim that GDP tops the jobless rate for the first time in ‘over 100 years’ is not even close to correct

Leave a Comment

news image

Stated another way, during the 70 years since the government has tracked growth and unemployment, the real GDP growth rate has been higher than the jobless rate more than 20 percent of the time.

The last time was in the first quarter of 2006, when unemployment was about 4.7 percent and quarterly GDP growth was 5.4 percent, government data show.

It’s not the first time the White House has touted economic statistics that aren’t accurate.

Last month, White House press secretary Sarah Huckabee Sanders falsely claimed that Trump has created three times as many jobs for black workers as his predecessor, President Barack Obama, did during his entire time in office.

“This president since he took office … in the year and a half that he’s been here has created 700,000 new jobs for African-Americans,” Sanders told reporters Aug. 14. “After eight years of President Obama in office, he only created 195,000 jobs for African-Americans. President Trump in his first year and a half has already tripled what President Obama did in eight years.”

But according to the official count from the Bureau of Labor Statistics, most of the employment gains for black people since the Great Recession occurred during the Obama administration.

During the eight years Obama was in office, black employment rose by roughly 3.2 million, or more than four times the 700,000 jobs added so far since Trump took office.

Read More



from News Viral View https://ift.tt/2Nw6Qy9
via IFTTT
Next PostNewer Post Previous PostOlder Post Home

0 comments:

Post a Comment