The Grim, Unmentioned Downside Of the Employment Records Trump Is Hyping

In Economy On
- Updated

Following the release of June employment data on Thursday morning, President Trump quickly called a news briefing to offer a few tweet-sized assessments of how the economy was doing. Well, in short — as evidenced by various employment gains seen among various occupational and demographic groups. No mention was made of the fact that the assessment used to estimate employment preceded the recent resurgence of the coronavirus.

So we had Trump standing before the television cameras hyping a number of new employment records, praising “historic numbers in a time that a lot of people would have wilted,” as he put it.

As when he celebrated the month-over-month gain in employment:

“It was just put out that the United States economy added almost 5 million jobs in the month of June, shattering all expectations. … This is the largest monthly jobs gain in the history of our country.”

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