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Politics Fact check: Trump doesn’t outperform other presidents despite 2 months of strong job gains

04:25  17 july  2020
04:25  17 july  2020 Source:   usatoday.com

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Six months into his presidency , Donald Trump has one big thing going for him: a robust job market. Underlying factors such as strong corporate profits, low interest rates and an improving global economy explain most of the job gains , rather than any policies Trump has put into place.

President Trump delivering the State of the Union at the Capitol on Tuesday.Credit Doug Mills/The New York Times. Economists debate the jobs effects from NAFTA, but most agree that the deal had a relatively modest impact, destroying jobs in some communities where factories went to Mexico, but

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A popular graphic on Facebook claims “lightning strikes twice” for President Donald Trump after two months of jobs being added to the economy.

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President Donald Trump 's aides are misrepresenting the record on kids and the coronavirus as they Economists had forecast another month of job losses. But most economists projected hiring would Congressional Republicans say the program can be effectively merged with other divisions, but

In a tweet Friday morning, President Donald Trump touted the new jobs report for April.

The graphic, with the headline "Trump shatters world history two months in a row" and posted July 2 by Michael A. French, points to 2.5 million jobs that were created in May and 4.8 million jobs created in June “all during COVID-19 lockdowns and massive violent riots.” It says no American president in history averaged higher than 224,000 jobs in one month.

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French did not respond to USA TODAY'S request for comment.

Are the job claims true?

What is the job situation?

As the United States — and other countries — went into lockdown to control the spread of COVID-19, the job market plummeted when businesses laid off and furloughed employees.

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President Trump on Tuesday night celebrated the nation's strong job market during his first year in office, taking credit at the State of the Union for solid economic gains . The question is whether Trump , Obama or any other political figures deserve the credit. That's a matter of debate.

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In March, the United States lost 1.4 million jobs and a record 20.8 million more in April, according to Department of Labor statistics.

As lockdowns started to lift, the Labor Department reported 2.5 million jobs were added in May and another 4.8 million jobs were added in June.

However, the department also reported that 1.4 million workers filed initial jobless claims that last week in June, meaning lots of people are still newly reporting being unemployed.

The unemployment rate now is11.1%. In April, it was 14.7%, dropping in May to 13.3%. To put that in perspective, the unemployment rate spiked at 10% during the Great Recession and 10.8% in June 1983. And despite jobs regained, the country is still down nearly 15 million jobs compared to February.

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How does it stack up to presidential averages?

The number in the claim “no president in American history averaged higher than 224,000 jobs in one month” may come from a CNN report in February that examines Trump and former President Barack Obama's jobs numbers. It compares Trump's first three years in office with Obama's final three years, finding that employers added an average 224,000 jobs in those Obama years.

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President Donald Trump announced a week ago that he would waive student loan interest amid the But Trump suggested during a news conference Friday that he could decide to keep the policy in "Borrowers should contact their lenders, but we've given them very strong instructions," Trump said.

Despite preliminary signs that the Trump family's government-paid travel expenses are higher than After only nine months in office, President Trump and family had already spent 7 million on The expenses incurred by United States presidents and their families on vacation trips and other travel

That doesn’t reflect the average of a full term. It also isn’t a metric that is typically looked at to determine how successful job growth was under a particular president. Instead, economists tend to look at the overall number of jobs added during a presidency or at the percent of jobs added to an economy during a presidency.

It also could refer to the average number of jobs added monthly in 2018, which is around 223,000, according to Labor Department data.

President Bill Clinton is credited with adding the most jobs, with 18.6 million jobs added between 1993-2001; President Franklin D. Roosevelt has the largest percent increase at 21.5% between 1933-45. President Ronald Reagan is second in both categories, adding 16.5 million jobs with a 16.5% increase between 1981-89.

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While Trump was enjoying a 50-year low of a 3.5% unemployment rate before the pandemic, he was not close to the number of jobs added by top-ranking presidents. According to Factcheck.org, as of January and well before the sharp job loss caused by the pandemic, the economy had added nearly 6.7 million jobs during his term.

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That would put him around President Harry Truman, who added 6.9 million jobs during his presidency, and well behind Obama, who added 8.9 million. Though it’s worth noting that the numbers of the other presidents mentioned reflect eight years of presidency compared to Trump’s three and a half years.

Our rating: Partly false

We rate this claim PARTLY FALSE. It is true that the economy added 2.5 million jobs in May and 4.8 million in June, which is staggering growth. However, looking at those numbers alone is misleading, lacking context about the overall state of the economy, which hasn’t recovered from sharp job loss earlier in the year. The claim that this happened “during COVID-19 lockdowns and massive violent riots” also fails to take into account that most of the gains were from lockdowns ending and that the majority of protests were peaceful. Additionally, the comparison to other presidents doesn’t look at the full picture of job growth under presidents, an area where Trump is not at the top of the pack.

Our fact-check sources:

  • The Balance, Which president created the most jobs?
  • CNN, How Trump's three years of job gains compares to Obama's
  • White House, U.S. Unemployment Rate Falls to 50-Year Low
  • FactCheck.org, Trump’s Numbers January 2020 Update
  • Bureau of Labor Statistics, The Recession of 2007-2009
  • Bureau of Labor Statistics, June unemployment data
  • USA TODAY, 4.8M jobs added and unemployment falls to 11.1% as more states reopen after COVID-19 shutdowns
  • USA TODAY, Defying predictions, economy gains 2.5M jobs and unemployment dips to 13.3% as businesses start to reopen amid COVID-19
  • Bureau of Labor Statistics, Unemployment rate rises to record high 14.7 percent in April 2020
  • Bureau of Labor Statistics, Employment growth accelerates in 2018, extending a lengthy expansion

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This article originally appeared on USA TODAY: Fact check: Trump doesn’t outperform other presidents despite 2 months of strong job gains

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