Job growth under Biden and Trump
from Dean Baker
Yes, it is that time of month again. As I always say, this sort of comparison is silly, since there are so many factors determining job growth that have nothing to do with the person in the White House. But, we all know that Trump and the Republicans would be touting this to the sky if the shoe were on the other foot.
So, here’s the latest, the economy has created more than 3 million jobs in the first five months of the Biden administration. It lost almost 2.9 million jobs in the four years of the Trump administration. Biden has now created more jobs than Trump lost.
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And Biden did whatever he did to help increase job creation without lying once or making any under the table deal for a kick back.
I seem to recall Krugman engaging in these kinds of his shenanigans in his NYT column. It certainly helps a n incoming President’s jobs numbers look good if he takes over at the low point of a cycle.