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A closer closer look
Posted on: June 2, 2018 at 14:09:25 CT
hou4mu MU
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Job creation under Obama peaked in 2014 at 2.998 million jobs. Then it started to decline. After the financial crisis in 2008, there was plenty of room for job growth but eventually it would peak and then begin to decline.
2.713 million jobs were created in 2015. That's a decline in the rate of growth of 9.5 percent.
2.240 million jobs were created in 2016. That's a decline in the rate of growth of 17.4 percent in Obama's last year in office.
Under Trump, 2.188 million jobs were created in 2017. That's a decline of only 2.3 percent from the previous year.
It naturally follows that the raw numbers would show a decline after several years of growth following the bottoming out in the financial crisis. But to cut the rate of decline that had increased from 9.5 percent to 17.4 percent down to 2.3 percent is an accomplishment.
2.713 million jobs were created in 2015. That's a decline in the rate of growth of 9.5 percent.
2.240 million jobs were created in 2016. That's a decline in the rate of growth of 17.4 percent in Obama's last year in office.
Under Trump, 2.188 million jobs were created in 2017. That's a decline of only 2.3 percent from the previous year.
It naturally follows that the raw numbers would show a decline after several years of growth following the bottoming out in the financial crisis. But to cut the rate of decline that had increased from 9.5 percent to 17.4 percent down to 2.3 percent is an accomplishment.
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A closer closer look - hou4mu MU - 6/2 14:09:25
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