January 5, 2018
THANKS, DONALD:
Trump's first-year jobs record was strong. Just not as strong as Obama's last year (Chris Isidore, 1/05/18, CNNMoney)
Trump wasn't in office yet when the Labor Department collected the data used in January 2017 jobs report, so for the sake of comparison it makes sense to exclude the first month of the year. But in the remaining 11 monthly jobs reports, employers added 1.84 million jobs, according to the December jobs report released Friday. That compares to 2.09 million jobs added in Obama's last 11 months in office.Even if you just look at full-year numbers, the 2.06 million jobs added in 2017 falls short of the 2.24 million jobs created in 2016, Obama's last full year in office.
The most useful numbers in the most recent report are probably that the boom continues uninterrupted with the record 87th consecutive month of job growth but that the employment participation rate was unchanged for all of 2017.
Posted by Orrin Judd at January 5, 2018 2:41 PM