Winning! Dow Jumps after US adds 4.8 million workers back on the payroll
(www.thestreet.com)
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for reference Obama's highest job improvement for an entire year in his second term was 2.7 million. For Obama's second term in office it's average job growth per year was 2.5 million a year
Trump added 4.8 million in one month
if you include Mets that means he adde 8 million in 2 months
the Trump recovery on track to be far better than the Obama recovery
keep tabs on it. And remember to meme
https://media.thedonald.win/thedonald/post/BMceYa87.jpeg
https://media.thedonald.win/thedonald/post/bBYj3DdQ.jpeg
To be fair though those 8 million jobs lost were artificial in the first place. We would have to compare before the coronavirus hit.
But if you give the stimulus and regulation changes so that the jobs are still there to reopen, that’s a plus in my book!
I'm still leery of calling the stimulus a good thing, though, since we devalued the dollar to do it...
Wonderful news for the country. Unfortunately for us in blue states this is very sad news cause this only means the covid media blitz will be 10 fold and the lock down will be more intense.
We will be severely punished for this development. Your sympathy is appreciated in advance
The beatings will continue until morale improves.
Obama also had a near zero percent interest rate to keep the economy barely alive. There’s also the talk of how most of those jobs were part time or contractor jobs - ones with zero health Benefits. https://www.investing.com/news/economy-news/nearly-95-of-all-job-growth-during-obama-era-part-time,-contract-work-449057
Good point. We were in a zero interest rate environment then as well