(Philip Bump – Washington Post)
Over the course of the 2016 presidential campaign, Donald Trump looked for ways to suggest that the economy was in turmoil. While the picture for every American wasn’t rosy, the country was in much better shape than it had been a few years earlier at the tail end of the recession. So as a candidate Trump cobbled together a series of unorthodox measures that he’d discuss at campaign stops and in interviews to suggest that things weren’t as great as they looked.
On Friday morning, the Bureau of Labor Statistics released jobs numbers from Trump’s first full month in office. The addition of 235,000 people to the employment rolls was good news, though not exceptional compared to other recent jobs reports. But who cares, right? Those aren’t the important metrics, according to Trump (though he did retweet an enthusiastic Drudge Report story about that number for some reason). By his own measures, Trump’s first month wasn’t a runaway success.
After he won the New Hampshire primary last February, Trump discussed the unemployment rate. “Don’t believe those phony numbers when you hear 4.9 and 5 percent unemployment. The number’s probably 28, 29, as high as 35. In fact, I even heard recently 42 percent.”
So we will not believe the “phony” 4.7 percent rate the BLS announced on Friday. Instead, let’s look at the numbers Trump would prefer. Click here to read more.