Thread by @darinp2

(THREAD) Trump has created 5.3 million jobs in his 31 full months, while Obama created 6.9 million in his last 31 full months. That is a 29% faster pace under Obama.

1/ Trump's job creation rate has been quite a bit behind the pace Obama had left for him for a while, but it turned out that Trump's numbers had been overestimated by 501k jobs, so Trump is even further behind than the jobs numbers were showing.

2/ News that Trump's numbers were overestimated:

"The preliminary estimate of the benchmark revision indicates a downward adjustment to March 2019 total nonfarm employment of -501,000."

"The final benchmark revision will be issued in February 2020."

bls.gov/web/empsit/ces…

3/ Here is a link to government data for total jobs:
data.bls.gov/timeseries/CES…

Obama: 5/14 to 12/16: 145.443-138.533 = 6.910 million
Trump: 1/17 to 8/19: 151.541-145.695 = 5.846 million

Those numbers have not been updated for the -501k revision yet for Trump mentioned above.

4/ With the revision we are looking at 6.9 million for Obama and 5.3 million for Trump for 31 months going into Trump's term and the first 31 full months in Trump's term, until we get final numbers in February.

6.91/5.345 = 1.29. So, 29% faster job growth for Obama.

6/ Here is a link for looking at the monthly data:
data.bls.gov/timeseries/CES…

Of course some will say that we have to compare the beginning of Obama's term to the beginning of Trump's, but nobody who understands economies would say that. It takes time to turn economies.

7/ Also, Trumpsters have been happy to compare the pace Obama left Trump and Trump's performance when it came to manufacturing jobs, which I am good with doing.

Trump has done well for manufacturing jobs, but they tend not to be where he promised, and have slowed down recently.

8/ Here is an article from June about where the manufacturing jobs increases have been happening:
nytimes.com/2019/06/13/bus…

9/ Here is a link to government data on manufacturing jobs:
data.bls.gov/timeseries/CES…

People can see that Trump had a good run, but his pace there has flattened out quite a bit.

10/ Running the math for manufacturing jobs:

Obama: 5/14 to 12/16: 12,355-12,146 = 209k
Trump: 1/17 to 6/19: 12.853-12.368 = 485k

485/209 = 2.32. So, 132% faster man. jobs growth under Trump.

That is, 276k more man. jobs for Trump, and 1841k more in other areas for Obama.

11/ One rather deceptive Trump supporter (@ChuckDeVore) played a game where he claimed the extra total jobs under Obama was close enough to be a wash (but didn't give the number), while claiming the extra man. jobs under Trump was significant because the % increase was higher.

12/ Here is an article by @ChuckDeVore. I can't stop people from trusting him, but when I see deception like he has perpetrated, I will always be careful about checking when he makes claims.
forbes.com/sites/chuckdev…
Notice that his 399% claim is now down to just 132% in 5 months.