In January 2017, President Trump announced that he was cutting the unemployment rate from 6.5 percent to 4.8 percent.
It wasn’t until June, however, that the U.S. Bureau of Labor Statistics reported that the unemployment number had actually declined to 4 percent, down from 5.4 percent in May.
But that unemployment rate remains at 5.6 percent, which is still below the 5.9 percent unemployment rate of December 2016.
While it’s true that the job market has been improving in recent months, Trump’s claim that he’s been laying off “millions of jobs” in January is misleading.
Trump did say that he would cut the number of jobs by 5 million, but the job losses that he predicted weren’t realized in January.
In the chart below, you can see that the number is on the rise since the first month of the year.
On average, each month in January experienced an average job loss of 2,500 jobs, the smallest quarterly loss since August 2018.
That’s a lot of job losses, especially when you consider that the economy is still recovering from the severe recession that the Trump administration helped spark.
That decline is even more remarkable given that the economic recovery has continued, even as the economy has continued to grow, thanks to the Federal Reserve’s stimulus.
What’s more, the economic growth has continued despite the continued weakness in the jobless rate.
While Trump’s goal of cutting the number to 5 million has not been realized, that number still represents an enormous economic and social loss for the American people.
If the job loss in January was due to the end of a recession, the Trump economy would have grown by roughly $1 trillion in the first nine months of 2017, according to a report by Moody’s Analytics.
Instead, the economy shrank by about $1.5 trillion during the same period.
In fact, Trump has cut the economy by $1,300 billion since January.
The reason for that is simple.
The Trump economy has been growing because of a weak labor market.
According to the Labor Department, the unemployment of U.N. workers has fallen by nearly one-third since the beginning of the Trump Administration.
That means the unemployment rates of workers who are unemployed are much higher than those who are employed.
That, of course, is precisely the reason that Trump has been trying to make it harder for workers to find jobs.
This is one reason why he has called for eliminating “dead” jobs.
As we have previously reported, the labor market has improved, thanks largely to the Fed’s efforts.
It is true that Trump’s plan to eliminate dead jobs is one of the few areas of the administration that does not directly address the unemployment problem.
But the unemployment situation remains one of Trump’s most important campaign promises, and he is now going to have to live up to that pledge if he is going to bring the economy back from the brink.