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US Job Growth Continues to Show No Difference between final 7 Years of Obama and first 2 1/2 Years of Trump

United States Bureau of Labor Statistics employment growth data for the nation showed employment decline beginning during the Great Recession in February 2008, when employment dropped 82,000 from January 2008, at 138.42 million, to 138.34 million, in February 2008. Job losses reached 8.7 million before finally bottoming out in February 2010 at 129.715 million.

During the next seven years ( 83 months), employment grew from the trough of 129.715 million to 145.695 million in January 2017, President Obama’s final month in office. Growth averaged 192,530 jobs a month for that period.

bls payroll data

Since President Trump took office, employment has grown from 145.695 million in January 2017 to 151.431 million in July 2019, the latest figures reported by the Bureau of Labor Statistics last week. These employment growth numbers average 191,200 jobs per month for the first 30 months of the Trump administration. The difference between the two, 192,530 under Obama, and 191,200 under Trump, is without significance, but for the fact that the Obama run is seven years coming out of the Great Recesssion, whereas Trump is a continuation with the startup being a healthy economy.

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