ob growth in November came in 79,000 higher than economists had expected, something that has become a regular occurrence under President Trump, where the economy has repeatedly defied what the “experts” forecast.
Just how big that gap is becomes clear when you look at longer-term forecasts these same experts made.
Take that jobs number. According to the Bureau of Labor Statistics, there are now a total of 152.2 million jobs in the U.S. That’s an increase of 6.8 million since Trump took office. Backers of President Obama will say that during the same 35-month stretch of Obama’s last term in office, the economy created 7.7 million jobs, so Trump is actually doing worse.
That’s misleading, at best. The economy was still coming back from a deep recession, which is when job growth should be robust. (In truth, post-recession job growth under Obama was one of the worst on record since the Great Depression.)