Is President Trump outperforming his predecessor when it comes to job creation? He certainly thinks so. “JOBS, JOBS, JOBS!” he tweeted after the latest monthly numbers showed employers created 224,000 new jobs in June
Is President Trump outperforming his predecessor when it comes to job creation? He certainly thinks so. “JOBS, JOBS, JOBS!” he tweeted after the latest monthly numbers showed employers created 224,000 new jobs in June.
Partisans engage in mortal combat over who deserves more credit for the solid labor market — Trump, or President Obama before him. It’s a silly argument. What the numbers show is a recovery gradually gaining steam after the devastating recession that ran from 2007 to 2009. There’s no reason to think presidential policies have had much to do with the trendlines.
The slowdown in job growth is another normal development. Part of the reason is probably a shortage of workers with the skills some employers need, which typically happens late in a business-cycle expansion. Job growth could slow further and still be fine: Economists say 100,000 new jobs per month is enough to keep up with population growth and keep a recovery humming.
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