Fact Check: Trump Lies About Jobs And The Economy
June 13, 2017
Today in an address from the White House, Trump repeatedly lied about his record on jobs and the economy. Here is a look at a few of the claims that Trump got wrong.
“Unemployment has fallen to a 16-year low.”
Trump inherited an unemployment rate from the Obama Administration at a nine-year low and was projected to go even lower.
Wall Street Journal: “Not without its flaws, the unemployment rate essentially boils down the job market into a single number. At 4.6%, it is already at a nine-year low as the final monthly report of 2016 is set to come out Friday.”
Wall Street Journal: “The Labor Department’s monthly statistics, which date back to 1948, show that the unemployment rate has been at 4.6% or lower just one-quarter of the time. And the majority of those readings came in the 1940s, ‘50s and ‘60s. If current labor trends persist, it is likely headed lower. The economy added 180,000 jobs a month, on average, in 2016, down from 229,000 in the prior year. Assuming the economy adds around 200,000 jobs a month in 2017 and the labor-force participation rate stays relatively constant, the unemployment rate would fall to 3.9% by the end of the year, according to a model maintained by the Federal Reserve Bank of Atlanta.”
NPR: “As Obama prepares to leave office, the unemployment rate is at 4.7 percent, less than half of the peak it reached in October 2009. That decline is the result of a prolonged period of job growth. The administration has grown fond of showing off its prolonged run of job growth every month.”
FactCheck.org: “Unemployment — Obama also leaves Trump an unemployment rate that is well below the historical norm. Currently it stands at 4.7 percent. In all the months since 1948 the median jobless rate was 5.6 percent. Thus Trump has been dealt a far better hand than Obama, who took office when the jobless rate was 7.8 percent and rising. It hit a peak of 10 percent in October of Obama’s first year.”
“Manufacturing confidence is at an all-time high. Just came out with a report. The highest level of confidence in the history of the reports which are in particular statistics for many, many years. And in the history of this report, the confidence level is at the highest point it's ever been.”
Manufacturing confidence was above 85% under President Obama for over a year, after being less than 28% when he took office.
National Association Of Manufacturers: Business Outlook For Manufacturers Was Above 85% From The First Quarter Of 2014 Until The First Quarter Of 2016, Hitting A High Of Almost 92% In 2014.
National Associated of Manufacturers: President Obama Took Office With The Manufacturing Outlook At 27.8%.
“Companies are moving back into the United States.”
Trump has taken credit for bringing jobs back to the United States, despite fact checkers calling that a lie.
Factcheck.org: “Two days before becoming president, Donald Trump tweeted that GM, Ford, Lockheed Martin and others announced investments and job creation in the U.S. ‘because of me!’ But industry experts and company officials say the recent moves were largely market-driven and were in the works before Trump was elected.”
Washington Post: “All presidents like to claim their foreign travels are a success. But this tweet by President Trump sets a new record for bravado — in less than a week, he’s
already made and saved ‘millions of jobs’ for the United States… In claiming job savings from trade deals not yet concluded, Trump is counting his chickens before they hatch. Even if he succeeds in reorienting U.S. trade policy, jobs gains are still likely to be illusionary… Four Pinocchios.”
“You see that Michigan where the auto companies are coming back in and they're expanding their existing plans. And they're saying well, maybe we're just going to have to build in the United States. That's the way it's going to be.”
Under Trump’s watch, Michigan factories have cut thousands of jobs.
USA Today: “General Motors Co. will lay off as many as 1,100 workers at its Lansing Delta Township Assembly plant when it phases out production of the first generation GMC Acadia in May. Lansing Delta Township Assembly plant will lose its third shift and about a third of its workers as the automaker shifts production of the next generation of the SUV to Spring Hill, Tenn., Erin Davis, GM's Lansing spokeswoman, said in a statement.”
CNN: “General Motors is cutting factory jobs again. The automaker will eliminate one of two shifts at its Warren, Michigan plant, which makes transmissions. The company won’t say how many jobs will be affected, but the cuts could eliminate about half of the nearly 600 jobs at the plant.”
WXYZ: HEADLINE: “Kellogg Company To Lay Off 211 Employees In Michigan.”
Trump also took credit for job creation in Michigan that had nothing to do with him.
Detroit Free Press: HEADLINE: “GM To Add Or Retain 900 Michigan Jobs — But Not Because Of Trump.”
CNBC: HEADLINE: “Trump Administration Takes Credit For Ford Investment First Announced In 2015.”