Friday, June 2, 2017

DAY 134: TRUMP LOSES: Jobs created in May miss expectations

According to data released by the Labor Department, 138,000 jobs were created in the US in May of 2017. And according to the Financial Times, the figure missed the Wall Street expectations of 182,000 jobs.

Additionally, the jobs figure for April of 2017 was revised to a significantly lower figure. The original figure was 211,000 jobs, but the revised figure ended up being 174,000 jobs.

That means even though the US has the lowest unemployment rate since 2001, job creation figures are dimishing, suggesting the previous job creation figures were still the result of Barack Obama's economic policies, while the shrinking job creation figures are the result of the Trump administration's policies.


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