- Feb 22, 2017
- 113,714
- 40,347
- 2,290
According to the BLS jobs report for November, manufacturing jobs jumped by a whopping 54,000 last month, the biggest one-month increase since 1983!
https://www.bls.gov/news.release/pdf/empsit.pdf
As of July of this year, Trump's economy has buried Obama's economy in the number of new manufacturing jobs created. Forbes magazine:
In the last 30 months of President Obama’s term, manufacturing employment grew by 185,000 or 1.5%. In President Trump’s first 30 months, manufacturers added 499,000 jobs, expanding by 4.0%. (In Trump's First 30 Months, Manufacturing Up By 314,000 Jobs Over Obama; Which States Are Hot? see also https://fas.org/sgp/crs/misc/R41898.pdf)
In fact, last year, 2018, the economy added 264,000 manufacturing jobs, the biggest one-year increase since 1988.
U.S. enjoys best manufacturing jobs growth of the last 30 years
And keep in mind that during Obama's entire presidency, all 8 years, we had a net loss in manufacturing jobs. After Obama signed the 2015 compromise budget deal, which made most of the Bush tax cuts permanent and preserved about $700 billion in tax breaks, manufacturing jobs began to bounce back. But the jump in manufacturing jobs under Trump has been much greater than it was under Obama.
I guess this means that Trump's tariffs are not "devastating our manufacturing sector," hey? Does this mean that all the liberals who have posted threads that have pounced on the short, temporary drop in manufacturing jobs that we've seen in the last few months--will those liberals now admit that since Trump has been in office, we have seen a historic increase in manufacturing jobs?
Will the Democratic presidential candidates stop repeating the lie that Trump has not kept his promise to increase the number of manufacturing jobs? In spite of the slowdown in manufacturing jobs that we've seen over the last few months, there has still been a large overall increase in manufacturing jobs since Trump took office, and, again, last month we saw the biggest jump since 1983. It is misleading to cherry-pick the numbers just for the last few months and ignore the numbers for the 34 months that Trump has been in office.
DNC off on Trump, Wisconsin manufacturing jobs
This is especially significant, when considered in the context that Trump's economy is an aging expansion, not an economy bouncing back from a financial meltdown.
A little less significant when you realize that even with this large gain, jobs added this year will be the lowest since 2011.
Actually, as it is such an old expansion, when you would expect to see such numbers plateauing, instead of accelerating,
it makes them far MORE significant.
It gives even MORE weight to the ideas behind them.
AND suggests what I want to see, ie, a change not in the short term numbers, but a deeper changing in the underlying long term trends.
They are not accelerating...there was one good month...in a month that is historically the 2nd best for job growth.
You people get way to excited over a single month.