Companies Trump said would create thousands of jobs have failed to deliver.

[Mainecat]

Companies Trump said would create thousands of jobs have failed to deliver

BOSTON (Reuters) - In his first address to the U.S. Congress, President Donald Trump hailed General Motors Co, Harley-Davidson Inc, Intel Corp and seven other companies as innovators and job creators, predicting they would be among those producing “tens of thousands of new American jobs” and investing “billions and billions of dollars.” 

Nearly three years later, with unemployment at the lowest in half a century, that first presidential portfolio has stumbled to fulfill that forecast. While Trump’s 10 companies have spent billions on new factories and upgrades, they failed to keep pace with new hires, according to a Reuters analysis of the group’s capital expenditures and headcount since 2017. 

Collective employment at Fiat Chrysler Automobiles NV, Ford Motor Co, GM, Harley, Intel, Lockheed Martin Corp, Sprint Corp, Walmart Inc and small biotech Amicus Therapeutics has remained flat at about 2 million workers, the analysis shows. In the same period, total U.S. employment has risen by 4.5%. 



For a broader picture, the U.S. economy has produced an average of 193,000 new jobs per month, over the past three years. But even with the benefit of Trump’s 2017 massive corporate tax rate cut, that is 14% less than the 224,000 jobs per month created during the last three years of Barack Obama’s administration, according to U.S. Department of Labor figures. 

https://www.reuters.com/article/us-usa-economy-jobs-trump-analysis/trumps-first-presidential-portfolio-lags-job-stock-market-growth-idUSKBN1ZT18L

[Ez ryder]

who do you know right now looking for a job who can't find one ?

every one I know is killing it and every one I know has been working on a 3 to 9 mo out scedual for over 2 yrs now . so quit your sniveling it has to be getting beond tedious to your family 

[Sleepr2]

Biden predicts economy will create up to 500,000 jobs a month soon 

By Garance Franke-Ruta and Frank Ahrens 
Vice President Biden predicted Friday at a Pennsylvania fundraiser that the U.S. economy would be adding up to 500,000 jobs each month "some time in the next couple of months."

"All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth prediction last month. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."

"We caught a lot of bad breaks on the way down," Biden added. "We're going to catch a few good breaks because of good planning on the way up." 

Most forecasters had expected about 200,000 new jobs to be created in March. Instead, a total of 162,000 new jobs were created on non-farm payrolls -- the biggest one-month jobs gain in the past three years, but still well below what economists were predicting. 

The difference was largely attributable to fewer people than expected being hired by the government as census workers. But analysts said the numbers also illustrated the slow and wobbly nature of the ongoing economic recovery. A prediction of 500,000 jobs per month would be considered optimistic. 

Biden was in Pittsburgh for a brunch fundraiser on behalf of U.S. House candidate Mark Critz, a former aide to the late Rep. John Murtha who is seeking to win his former employer's seat in a May special election.

By Garance Franke-Ruta  |  April 23, 2010; 6:10 PM ET

[steve from amherst]

5 minutes ago, Sleepr2 said:

Biden predicts economy will create up to 500,000 jobs a month soon 

By Garance Franke-Ruta and Frank Ahrens 
Vice President Biden predicted Friday at a Pennsylvania fundraiser that the U.S. economy would be adding up to 500,000 jobs each month "some time in the next couple of months."

"All in all we're going to be creating somewhere between 100[,000] and 200,000 jobs next month, I predict," Biden said, according to a pool report, adding that he "got in trouble" for a job growth prediction last month. "Even some in the White House said, 'Hey, don't get ahead of yourself.' Well, I'm here to tell you, some time in the next couple of months, we're going to be creating between 250,000 jobs a month and 500,000 jobs a month."

"We caught a lot of bad breaks on the way down," Biden added. "We're going to catch a few good breaks because of good planning on the way up." 

Most forecasters had expected about 200,000 new jobs to be created in March. Instead, a total of 162,000 new jobs were created on non-farm payrolls -- the biggest one-month jobs gain in the past three years, but still well below what economists were predicting. 

The difference was largely attributable to fewer people than expected being hired by the government as census workers. But analysts said the numbers also illustrated the slow and wobbly nature of the ongoing economic recovery. A prediction of 500,000 jobs per month would be considered optimistic. 

Biden was in Pittsburgh for a brunch fundraiser on behalf of U.S. House candidate Mark Critz, a former aide to the late Rep. John Murtha who is seeking to win his former employer's seat in a May special election.

By Garance Franke-Ruta  |  April 23, 2010; 6:10 PM ET

Who exactly is going to fill these jobs ?

[Sleepr2]

22 minutes ago, steve from amherst said:

Who exactly is going to fill these jobs ?

The jobs never happened but I don’t remember McLiar whining about Joes “lies”

[Edmo]

32 minutes ago, steve from amherst said:

Who exactly is going to fill these jobs ?

Look at the date on there.