President-elect Donald J. Trump will appear on Thursday with workers at Carrier’s Indianapolis plant to boast of his success in saving at least 1,000 jobs from moving to Mexico.
On Wednesday, the President-Elect announced a deal with Carrier Corporation to keep over 1,000 jobs in the United States. Carrier Corporation had announced plans to move almost all of their manufacturing capacity to Mexico earlier this fall.
President-Elect Trump and Vice-President Mike Pence will meet with Carrier employees in Indiana on Thursday to formally announce the deal
But it seems the White House is less than impressed. White House Press Secretary Josh Earnest stated that to reach Obama’s level, Trump needs to make 804 more deals like the Carrier deal. What they fail to realize is that it’s not a competition, Trump was able to help 1,000 Americans keep their jobs and did so before he was even the president! That may seem like small potatoes to Washington, but it isn’t to the Americans who can now keep working to feed their families and pay their bills!
White House downplays Trump’s Carrier announcement: ‘He needs 804 more Carrier deals to match President Obama’s jobs record’ pic.twitter.com/ZF59N7JBdN
— FOX & Friends (@foxandfriends) December 1, 2016
The Obama administration likes to say things like “the longest streak of private-sector job growth on record,” or “U.S. businesses have now added 14.4 million jobs over 73 straight months,” or even “the labor force participation rate rose to 63 percent in March, the same as November 2013,” as per Investors.
These may technically be accurate, but what they’re missing is context. When these statements are looked over with context, these claims lose the big grandeur that makes Obama seem so great. And that’s the thing.
The 14.4 million jobs sounds impressive until you realize that this job growth has been over the span of six years
And during this time, the working age population grew by 15.8 million people. Meaning, we’ve lost ground on jobs thanks to Obama.
Also, this 14.4 million jobs increase was measured against a market that was at the bottom of the barrel in February 2010. Comparing the current number of jobs with the job peak in January 2008, how it should actually be measured, the number of private-sector jobs only increased by 5.6 million.
And during this time, our population grew by more than 20 million. So, there is a job gap of roughly 14 million people. Moving on to labor force participation, this is a measure of people who are working or actively looking for a job.
While labor force participation has risen, it’s still much lower than where it was in the job recession of 2010. Compare these numbers to the Reagan recovery when the job market soared after it had bottomed out in 1982. The population grew then by 12.4 million, and jobs raised by 18.4 million.
So, the obvious conclusion is that the labor force participation rate, which was lower under Ronald Reagan than Obama, raised as the growth of people were pulled back into the job market. That’s why Obama seems so successful—he cuts out the meaty bits of information.
The 14.4 million jobs were from February 2010 to March 2016, but people who stopped being a part of the labor force, whether retiring or they just gave up, raised to a whopping 10 million people. And the number of people who aren’t in the labor force but want to work is higher today than it was when Obama was sworn in!