Jobs Numbers were released today, Friday, March 9, 2018, for February 2018. This is the 13th month of jobs reports under Trump. We are still adding jobs, and we added 313,000 jobs in February.
How are we doing compared to the last 5-6 years of the Obama Presidency?
Let's not just look at raw jobs numbers, but let's look at the percentage increase in jobs numbers over six month periods. That will even out the jobs numbers, which tend to vary quite a bit month to month. Each bar represents the % increase in jobs over a 6 month period ending in the designated month. Blue bars represent six month periods during the Obama Presidency; green bars represent six month periods overlapping Obama and Trump Presidencies; red bars represent six month periods during the Trump Presidency.
Here is what job growth has looked like over the past five years when calculated as a percentage increase over any running six month period:
|Source: Change in BLS jobs numbers from chart CES0000000001|
over any 6 month period as a %. (68 = .68% increase in # of jobs.)
What does the future hold for job growth under Trump?
We really don't know. We know that job growth is usually better under Democratic administrations, but there's nothing predictive there. Basically, though, Trump crows about job growth... but, compared to the last years of the Obama administration, it really isn't that great (so far) or that special, even with the 313,000 jobs added in February.