So now the unemployment stats are legit?
President Donald Trump is beside himself with how well the economy is doing and boasts about the nation’s unemployment rate.
Though the Bureau of Labor Statistics tells us unemployment has been steadily declining since 2010 and was 4.6% in November 2016, Trump is taking sole credit for the current 4.1% unemployment figure.
I’m not surprised. Actually, I’d be shocked if Trump didn’t take all the credit.
But does anyone remember what Trump said about unemployment statistics before he was elected? The Washington Post kept track. Here are a few highlights:
- Aug. 11, 2015: “Then you hear there’s a 5.4 percent unemployment. It’s really — if you add it up, it’s probably 40 percent if you think about it.”
- Oct. 11, 2015: “Nobody has jobs. … It is not a real economy. It is a phony set of numbers. They cooked the books.”
- Feb. 9, 2016: “Don’t believe those phony numbers when you hear 4.9 and 5 percent unemployment. As high as 35 — as in fact, I heard recently, 42 percent.”
- Aug. 8, 2016: “The 5 percent figure is one of the biggest hoaxes in modern politics.”
- Dec. 8, 2016: “The unemployment number, as you know, is totally fiction.”
What did Trump say during his first State of the Union address?
“Since the election, we have created 2.4 million new jobs, including 200,000 new jobs in manufacturing alone. After years of wage stagnation, we are finally seeing rising wages.
“Unemployment claims have hit a 45-year low. African-American unemployment stands at the lowest rate ever recorded, and Hispanic American unemployment has also reached the lowest levels in history.”
Not a word about “cooking the books,” the words he used in October 2015.
Maybe the unemployment rate is not as accurate as it could be, but as far as I can tell, the formula for calculating it has remained constant over the years. So, what’s Trump talking about — the books were cooked all along, but now the statistics make sense?
Life is a lot easier when you create your own reality.
Jack D’Aurora writes for Considerthisbyjd.com
Originally published at Consider This by JD.