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US under Trump Series: Measure Trump’s promise with jobs data

During the campaign, President Donald Trump has promised many a thing and what he is betting on is that if he succeeds in delivering on those promises, the people who voted for him in 2016 will do the same in his re-election run in 2020. Creating jobs has been the biggest of promises of President Trump and that is exactly how we would measure the success of his Presidency.

During the eight years tenure, the Obama administration has created millions of jobs, many of which were lost during the Great Recession of 2008/09. Still, many Americans felt left out as the administration was not very successful in creating jobs in the goods-producing sector. We would use that jobs number and compared it with the Obama administration to measure the success of the Trump administration in keeping its promise.

  • Data from ADP shows that while the Obama administration was able to add millions of jobs in the American economy, during Obama’s tenure (that ended in December 2016) 221,000 jobs were lost in the goods-producing sector. So far the Trump administration has added 160,000 jobs.
  • Similar picture in manufacturing; during Obama tenure the sector suffered a net loss of 329,000 jobs, while the Trump administration has added 51,000 jobs.

As one might argue that Obama inherited a much worse economy than Trump, it is also important to note that unemployment peaked in 2010 and Obama had almost six years to at least make the numbers positive. Still, we would consider job additions after the employment bottom.

  • Taking that adjustment into account the Obama administration has created 950,000manufacturing jobs since 2010 and 2,283,000 jobs in the goods-producing sector.

We would keep on updating this figures for the next four years of Trump administration and use it as one of the measures to assess the chance of Trump being re-elected.

  • Market Data
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