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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math
Source: USA Today
Trump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math
Paul Davidson
David Jackson
USA TODAY
Published 5:46 p.m. ET Nov. 1, 2019 | Updated 7:38 p.m. Nov. 1, 2019
Economists were scratching their heads after President Trump tweeted about a blowout 303,000 jobs that the economy added in October, more than twice the 128,000 that the Bureau of Labor Statistics reported early Friday.
"Wow, a blowout JOBS number just out, adjusted for revisions and the General Motors strike, 303,000," Trump tweeted. "This is far greater than expectations. USA ROCKS!"
Chris Lu, the former deputy secretary of labor for President Barack Obama, tweeted that Trump had "reached a new low and is making up fake numbers."
Even though Trump's comments about the jobs numbers included caveats about revisions and the GM strike, economists were still puzzling over his math.
What the president said today is not tethered to any empirical reality, said Joe Brusuelas, chief economist of RSM.
-snip-
Paul Davidson
David Jackson
USA TODAY
Published 5:46 p.m. ET Nov. 1, 2019 | Updated 7:38 p.m. Nov. 1, 2019
Economists were scratching their heads after President Trump tweeted about a blowout 303,000 jobs that the economy added in October, more than twice the 128,000 that the Bureau of Labor Statistics reported early Friday.
"Wow, a blowout JOBS number just out, adjusted for revisions and the General Motors strike, 303,000," Trump tweeted. "This is far greater than expectations. USA ROCKS!"
Chris Lu, the former deputy secretary of labor for President Barack Obama, tweeted that Trump had "reached a new low and is making up fake numbers."
Even though Trump's comments about the jobs numbers included caveats about revisions and the GM strike, economists were still puzzling over his math.
What the president said today is not tethered to any empirical reality, said Joe Brusuelas, chief economist of RSM.
-snip-
Read more: https://www.usatoday.com/story/money/2019/11/01/donald-trump-boasts-303-000-new-jobs-more-than-twice-actual-figure/4123664002/
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Trump boasts of 'blowout' 303,000 jobs report, leading economists to puzzle over his math (Original Post)
Eugene
Nov 2019
OP
This guy lies about how many floors Trump Tower has -- and tells a different number each time.
RockRaven
Nov 2019
#2
K&R just for *my* puzzle why "smart" economists puzzle over anything SHITLER says!1
UTUSN
Nov 2019
#7
He once said the economy was better during the height of the Great Depression
Elwood P Dowd
Nov 2019
#9
Demovictory9
(32,475 posts)1. liar
RockRaven
(14,998 posts)2. This guy lies about how many floors Trump Tower has -- and tells a different number each time.
Nobody needs to puzzle over where that number came from -- he just made it up, or might as well have.
He thought it sounded good, so that's the number he used, full stop -- it is as simple as that.
Skittles
(153,193 posts)3. HE is not tethered to reality
if he gets bad news he just makes shit up
cilla4progress
(24,766 posts)4. He's gotten away with it
For so long.....
C_U_L8R
(45,020 posts)5. There's nothing to puzzle over.
Trump is lying and defrauding this country.
UTUSN
(70,740 posts)8. You said it better than I!1
doc03
(35,364 posts)6. That was reason given for the stock
market gains today. But it was b.s..
UTUSN
(70,740 posts)7. K&R just for *my* puzzle why "smart" economists puzzle over anything SHITLER says!1
Elwood P Dowd
(11,443 posts)9. He once said the economy was better during the height of the Great Depression
than it was under Clinton. That's probably the biggest economic whopper ever told in the history of the United States. The Clinton term was just about the best 8 years of economic prosperity during any president's term.