The theme Trump wants to promote a “the Great American Comeback”, emphasizing the economy as “hot.” Jobs, jobs, manufacturing jobs, and wages, he’says. Take a look, we’ll see the “trend is your friend.” And it’s quite a long-term trend — since 2009.
Here’s the rebound in Manufacturing jobs:
It’s the long view, from 1955 to 2019. See the figures, marked below.
Here’s a record of total jobs gained, year-to-year (in thousands [000s]). Jobs grew faster during the last 3 years of Obama’s administration than the first 3 years of Trump’s.
Trump, and Republicans, promised us much faster economic growth, of 4%, or 5%. Especially after cutting taxes, and blowing up deficits to $1 trillion for years forward. But reported GDP growth has never reached 3% from year-to-year, and doesn’t look so different from Obama’s GDP.
An interesting look at the unemployment trend is produced by the BusinessInsider chart (see article),
Here’s a look at REAL wage gains (wage increases adjusted for price inflation). After accounting for price gains, year-over-year wage gains from 2017-19 don’t really outstrip the preceding period 2015-2016.
Here’s Trump’s beloved stock market performance, through the end of January. (Chart provided by macrotrends.net, a site that makes its data and charts publicly available, but requests attribution.)
It seems that the stock market gains stand on the shoulders of the increases of the previous presidency. The S&P 500 rose 175% during the 8 years of the Obama presidency.
Trump was born on 3rd base, and thinks he hit a home run.