Trump Claims ‘Phenomenal’ Economic Record

Labor News

US President Donald Trump speaks during a state banquet at the Akasaka Palace, November 6, 2017, in Tokyo. Trump is on a five-country trip through Asia traveling to Japan, South Korea, China, Vietnam and the Philippines. (Andrew Harnik/Associated Press)

Reprinted from The Washington Post by Josh Boak and Calvin Woodward on November 6, 2017.

… “Numbers are phenomenal over the last — since November 8th, Election Day. Our unemployment is at a 17-year low. We’ve gotten almost 2 million more people in the workforce in just that short period of time. I’ve reduced regulations terrifically, frankly, if I do say so myself.” — remarks to business leaders in Tokyo, Monday.

TRUMP tweet Saturday: “Unemployment is down to 4.1%, lowest in 17 years. 1.5 million new jobs created since I took office. Highest stock Market ever, up $5.4 trill.”

THE FACTS: His numbers are close to the mark. Trump can rightfully brag about the US economy, but it’s not quite as exceptional as he says, and he can’t yet legitimately claim that his record on job creation is vastly superior to Barack Obama’s. Many of the economic figures he cites are advancing a recovery from the Great Recession that dates back to the middle of 2009. …

Washington Post 11/6

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