Total nonfarm payroll employment increased by 263,000 in April, and the
unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor
Statistics reported today. [1]
Very good jobs report. If we continue and don’t have a dip, I think by June or July we’ll have been in the longest economic expansion period ever. Congrats to Trump for continuing the trend that Obama set in place.
Jobs in business services, construction, and health care were the largest gains.
Oh, so NOW you want to talk about debts and deficits? Well, let’s do that. How’s the debt and deficit been doing over the last two years, especially since the tax cuts?
I’m not giving credit to Obama for the economic results right now. I’m giving Trump credit for continuing the trend of his predecessor.
And the trillions in debt under Obama were largely a direct result of the recession. The reduction in the deficit was largely a direct result of the recovery.
Whereas the trillions in debt that Trump will add to the deficit is largely a direct result of tax cuts while at full employment in one of the longest expansion periods in history. Get the ■■■■ out if you want to complain about Obama’s responsibility to the debt.
Obama inherited a $1.1 trillion deficit due to a recession. It peaked at $1.4 trillion and got down to about $425B. Trump doubled the deficit with his tax cuts at full employment during one of the longest expansion periods in history. Only an idiot or a liar will think that somehow Trump has been more fiscally responsible.