Trump Sees Vindication in Record Revision to Jobs Numbers
The Bureau of Labor Statistics has revised its previous estimates of job growth, resulting in a significant increase in the number of jobs added during the Trump administration. The revisions show that an additional 514,000 jobs were created in 2018 and 2019, a significant increase from the initial estimates. This news has been seized upon by former President Trump, who has claimed that the revisions vindicate his economic policies and refute claims that his administration's policies were ineffective. However, economists have cautioned that the revisions do not fundamentally change the overall trends of the economy during the Trump presidency, which saw slower job growth compared to the final years of the Obama administration. The revised data does not alter the broader economic narrative, but it does provide a boost to the former president's claims of economic success during his time in office.
Source: For the complete article, please visit the original source link below.
