President Trump can now factually claim that he has created more than a million jobs following the Labor Department's Friday announcement that 209,000 jobs were added in July, Politico reports. "More people are coming into the labor force and finding jobs," Citizens' Bank's global markets head Tony Bedikian told CNBC. "It's difficult to find anything really negative in the report."
Job growth is more or less at the same levels as 2016, with an average of 184,000 created per month in 2017 — including January, when former President Barack Obama was still in office. In 2016, an average of 187,000 jobs were created per month. Critics, including Sen. Martin Heinrich (D-N.M.) of the Joint Economic Committee, pointed to the fact that "after nearly eight months on the job, President Trump has failed to come up with a cogent plan to create good-paying jobs and increase wages." House Ways and Means Chairman Kevin Brady (R-Texas) offered mixed praise, claiming the economy is making "steady progress," but "also shows too many Americans are still having a hard time finding good-paying jobs, getting a raise, and providing for their families."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Leaked memo adds to speculation of Justice Roberts' MAGA stanceIn the Spotlight A new report details how Roberts has allegedly gotten closer to former President Donald Trump
-
Preeclampsia: The dangerous pregnancy condition is affecting more womenUnder the Radar The condition of preeclampsia is on the rise and can be deadly if left untreated
-
Crossword: September 19, 2024The Week's daily crossword
-
Empty-nest boomers aren't selling their big homesSpeed Read Most Americans 60 and older do not intend to move, according to a recent survey
-
Brazil accuses Musk of 'disinformation campaign'Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
-
Disney board fends off Peltz infiltration bidSpeed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
-
Disney and DeSantis reach detenteSpeed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
-
Visa and Mastercard agree to lower swipe feesSpeed Read The companies will cap the fees they charge businesses when customers use their credit cards
-
Reddit IPO values social media site at $6.4 billionSpeed Read The company makes its public debut on the New York Stock Exchange
-
Housing costs: the root of US economic malaise?speed read Many voters are troubled by the housing affordability crisis
-
Feds cap credit card late fees at $8speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
