Society

Trump Says 600K Jobs Created Since He Took Office

| by Jordan Smith

President Donald Trump said on April 11 that 600,000 jobs have been created since he entered the White House in January.

The figure has been interpreted by some as overstated, according to MarketWatch.

Trump was speaking to CEOs at the State Department Library in the  Eisenhower Executive Office Building when he made the comment.

"At the top of our agenda is the creation of great high-paying jobs for American workers, and we've made a lot of progress," Trump said, according to Politico.

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"You see what's going on," Trump added. "You see the numbers. We've created over 600,000 jobs already in a very short period of time, and it's gonna really start catching on now because some of the things that we've done are big league, and they are catching on. Already, we've created more than almost 600,000 jobs."

According to data from the Labor Department, the U.S. economy added 317,000 jobs in February and March. Including the 216,000 jobs created in January, even though Trump was in the White House for less than two weeks of that month, would mean a total of 533,000 new jobs created since he took office.

A White House spokeswoman stated afterwards that Trump was noting "the growing optimism about his policies and the future outlook of the country." 

She added: "We've seen hundreds of thousands of jobs created and the unemployment rate drop to a 10-year low, historic levels of economic confidence from consumers to CEOs to small business owners, a stock market hitting record highs, and the trade deficit falling as exports grow."

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Less reliable measures of job creation point to an improvement in the labor market. A survey of U.S. households found that 919,000 more people were working in March than January. Payroll processor ADP found in a separate study that private sector employment rose by 508,000 in February and March.

The Trump administration anticipates many more jobs will be created in the coming period. As the president added April 11 according to Politico, "And we're gonna put many millions of people back to work."

Others have expressed doubts about this, with some companies complaining they face a skills shortage for particular jobs due to steady job growth over recent years.

There is a "mismatch between the skills that unemployed have and the skills that businesses are looking for," Gus Faucher, the chief economist at PNC Financial Services, told Market Watch.

The unemployment rate currently stands at 4.5 percent. Several companies have made public promises to Trump to hire thousands of workers, but Market Watch noted that in many cases these plans were already in the works.

Sources: Market Watch, Politico / Photo credit: Shealah Craighead/The White House/Wikimedia Commons

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