Trump’s Jobs Fraud Exposed As The Economy Creat

Quote:

---

Trump’s Jobs Fraud Exposed As The Economy Creates Only 98,000 New Jobs In March

By Jason Easley on Fri, Apr 7th, 2017 at 11:25 am

No longer able to ride on President Obama's coattails, Donald Trump was given a dose of economic reality as only half as many jobs were created in March as economists anticipated.

The Hill reported, “Jobs were revised down by 38,000 for January and February based on what was previously reported, but each month remained above 200,000. But the last three months have averaged a solid 178,000 jobs each. Economists had predicted that March jobs might slip after January and February posted robust gains.”

To get a sense of who is getting hurt in the Trump economy, here is a year to year contrast from the Center For American Progress as provided to PoliticusUSA:

Job creation in February and March declined by 56.4% compared to the same period in 2016.

For women, job creation in February and March declined by 92.9% compared to the same period in 2016.

Black Americans saw absolutely no statistical decline in unemployment in March.

Employment in retail trade declined by 30,000 in March compared to an increase of more than 31,000 last March.

Employment on Wall Street trended up, with the financial industry adding 9,000 jobs in March.

Job growth is slowing because President Trump’s immigration policies are hurting tourism and despite his rhetoric that cutting regulations would create jobs, the reality is a policy of shifting wealth to the top has resulted in fewer jobs being created.

The notion that Donald Trump was a jobs president is an example where the White House’s rhetoric has never matched the policy.

Trump promised to save manufacturing jobs, but companies like Boeing and Carrier continue to lay off workers.

The economy belongs to Donald Trump now, and these jobs numbers are the first taste of what the Republican job killing ideology is going to do to the US economy.

---