Since taking office in January of this year, Donald Trump has gleefully (and usually illegally) tweeted out the latest jobs reports numbers that are published the first of every month. Illegally in the sense that there is a one-hour moratorium on commenting on the latest numbers, and Trump cannot contain himself for that long. Despite the fact that Trump inherited a thriving economy and a booming stock market from his predecessor President Obama, he acts as though he alone has magically made all of this happen.
Now we are nine months into the Trump presidency and for the first time in seven (7) years, instead of increasing, the number of jobs in September fell by 33,000 instead of increasing by the expected 90,000 according to CNN. While many are blaming Hurricane Harvey and Hurricane Irma for the decline, it should be noted that Obama also faced a number of serious hurricanes during his administration, including Superstorm Sandy in the populous Northeast without experience a loss of jobs.
— Keith Boykin (@keithboykin) October 6, 2017
But regarding this unflattering report, which would very well begin to show the Trump effect on the economy, there was total silence from the president. Instead he posted this from his favorite news source Fox News:
— FOX Business (@FoxBusiness) October 5, 2017
Now there is some good news hidden in the recent jobs report. The unemployment rate dropped from 4.4% to 4.2%, the lowest since 2001. This could mean that more people are now employed, but it could also include the number of people who have stopped looking for jobs. In addition Business Insider reports that “Wage growth was unexpectedly strong. Average hourly earnings jumped by 2.9% year-on-year, but this could have been affected by many low-wage employees staying away from work because of the storms.”
In addition, the insurance and building supply industries added jobs during September. The hardest hit sector was hospitality, which lost over 110,000 jobs. Again, many credit this to the effect of the hurricanes.
This news, combined with the recent polling conducted by the Associated Press/NORC Center For Public Affairs Research, which shows Trump at a record low 32% approval rating, made for a very sad week for the president. Learning that his Secretary of State called him a “moron” probably didn’t improve his mood.
Trump promised JOBS, JOBS, JOBS during his campaign. In fact, Trump claimed that “I will be the greatest jobs President that God has ever created. I will tell you that.” As Trump never takes responsibility for any failing, and as hurricanes could be considered an “act of God” then perhaps Someone is trying to tell him something.