February 5, 2021: Trump Creates Zero Jobs During Four Years in White House

 

2/5/21: The jobs report for January 2021 was released today. Even if we credit Trump with every job added for the month, he goes out not with a bang, or even a whimper, but a moan.

 

Jobs added under President Trump:

 

2017:   1,978,000 (February-December)

2018:   2,318,000

2019:   2,011,000

2020:      604,000 (January-February)

2021:      233,000 (January)

 

Total:  6,911,000 jobs added, counting all the good months of his first and only term in office.

 

Then we count the jobs lost as the coronavirus (which Trump said was only a flu) spread health and hiring havoc: 

March-April (2020)   -22,362,000 jobs. 

Then we count jobs recovered as businesses began to reopen and the pandemic seemed to die down (May-November of last year): 

+12,648,000. 

Then we subtract jobs lost in December 2020: - 306,000. 

Finally, we give him credit for all of January 2021, even though Joe Biden took over on January 20. 

January 2021:  233,000 jobs added.

 

Then we tally up the jobs added during Reject-President Trump’s watch comes out to …WTF… a negative number. 

Barring slight revisions for his last two months in charge, he created: 

- 2,876,000 jobs.

 

That’s right, Trump fans. No jobs gained in four years, despite a boom for impeachment defense lawyers. 

The unemployment rate ticks downward in January 2021 to 6.3 percent, or 1.6 points higher than when Obama left office. 

The Labor Participation Rate fell to its lowest point ever, at 61.4 percent, again, lower by 1.4 points than on the day Trump took the oath of office (which he promptly started to ignore). According to one estimate from the Bureau of Labor Statistics more than 4,000,000 Americans dropped out of the labor force during 2020. 

Last, but not least, if you are a coal miner, Trump’s brilliant leadership in the imaginary “War on Coal” saw employment in the coal mines drop from 50,900 to 42,400 to start President Biden off. 

A grim picture, overall.