Donald Trump Owns the Worst Job Record in Modern American History, President Biden Continues To Bolster the Economy With Nearly 15 Million New Jobs

In response to today’s strong February jobs report, DNC Rapid Response Director Alex Floyd released the following statement:

“President Biden has delivered America the world’s best economic recovery, and today’s jobs report is the latest proof. President Biden has helped create nearly 15 million new jobs and an unemployment rate under 4% for the longest stretch in more than 50 years. While President Biden is fighting for hardworking families by working to lower costs and ease inflation, Donald Trump can’t escape his disastrous MAGAnomics agenda that gifted tax cuts to billionaires, led to jobs being shipped overseas, and beat Herbert Hoover for the worst jobs record in modern American history. President Biden continues to deliver for hardworking Americans, and Trump is rooting for the economy to crash – that’s the stark contrast voters will see in this election.”

NEW: Thanks to President Biden, the American economy added 275,000 jobs in February, while the unemployment rate remained under 4% for the 25th consecutive month.

Washington Post: “U.S. economy adds 275,000 jobs in latest sign of robust labor market”

New York Times: “Employers added 275,000 jobs in February, the Labor Department reported Friday, in another month that exceeded expectations. … fresh evidence that four years after going into pandemic shutdowns, America’s jobs engine still has plenty of steam.”

Heather Long, Washington Post: “JUST IN: Another strong jobs report. The US economy added 275,000 jobs in February as the hiring boom continues. (Hiring was 229k in January and 290k in December.)

Unemployment rate: 3.9% —> It’s been below 4% for two years

Wages: 4.3% in past year (above 3.1% inflation)”

America has the world’s best economic recovery under President Biden’s watch.

Former Trump Economic Adviser Steve Moore: “It is true that the United States today has the strongest economy. There is no question about it.”

Washington Post: “Falling inflation, rising growth give U.S. the world’s best recovery”

“Since 2020, the United States has powered through a once-in-a-century pandemic, the highest inflation in 40 years and fallout from two foreign wars. Now, after posting faster annual growth last year than in 2022, the U.S. economy is quashing fears of a recession while offering lessons for future crisis-fighting.”

“On Friday, President Biden hailed fresh government data showing that annual inflation over the second half of 2023 fell back to the Federal Reserve’s 2 percent target. Coupled with Thursday’s news that the economy grew by 3.1 percent over the past 12 months, the Commerce Department report showed that the United States appears to have achieved an economic soft landing.”

Axios: “U.S. winning world economic war”

“The United States economy grew faster than any other large advanced economy last year — by a wide margin — and is on track to do so again in 2024.”

Associated Press: “American consumers feeling more confident than they have in two years”

Forbes: “U.S. Economy Grew 2.5% Last Year, Defying Recession Calls”

Politico: “US growth shatters expectations, boosting Biden’s economic pitch”

Meanwhile, Donald Trump has Herbert Hoover beat for the worst job record in modern American history.

Fortune: “Trump to leave office with the worst jobs record since Herbert Hoover”

Washington Post: “President Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.”

Trump crippled the job market even before the pandemic started, wiping out gains made by the Obama administration.

Bloomberg: “Trump’s Jobs Record Fell Short of Promises Even Before the Virus”

Bloomberg: “Job growth was slightly slower in Trump’s first three years before Covid than it was during the last three years of the Obama administration, when the economy added 2.7 million jobs a year on average. Under Trump, that average was 2.2 million, until this year’s tumult more than wiped out the gains.”

Thanks to Trump’s MAGAnomics tax scam, working class families paid a higher tax rate than billionaires for the first time in history.

Forbes: “Trump Tax Cuts Helped Billionaires Pay Less Taxes Than The Working Class In 2018”

CBS News: “Two years after Trump tax cuts, middle-class Americans are falling behind”

The Guardian: “They were billed as a ‘middle-class miracle’ but according to a new book Donald Trump’s $1.5tn tax cuts have helped billionaires pay a lower rate than the working class for the first time in history.”

Washington Post Analysis: “One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office.”

Washington Post Analysis: “The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center.”

Politico: “The nation’s fiscal outlook looks ever bleaker, thanks in part to deficit spending during President Donald Trump’s first term, Congress’ nonpartisan budget scorekeeper projected Tuesday.”

Trump forced American manufacturing into a recession by creating incentives for large corporations to send jobs overseas.

Brookings: “So over the years of the Obama administration there was a gradual recovery in manufacturing jobs and hours worked. Trump managed to destroy that through his ill-advised tariff tantrums in a short two years and put manufacturing into a recession.”

Bloomberg: “Another signature Trump policy, the trade war with China, actually hurt some of the manufacturers and farmers it was supposed to help. The Tax Foundation estimates if tariffs remain, 179,800 full-time equivalent jobs could be lost.”

Washington Post: “U.S. manufacturing was in a mild recession for all of 2019, according to data released Friday by the Federal Reserve.”

Trump is now actively rooting for the economy to crash to help his political standing.

Trump: “And when there’s a crash — I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president I just don’t want to be, Herbert Hoover.”

Daily Beast: “Donald Trump admitted Monday that he wants a severe economic downturn to happen during the next year, because it will help his odds of winning the presidential election.”