On Labor Day, Trump celebrates the creation of “10.6 million jobs in 4 months”

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In a message on Twitter, he said that next year will be the best of everything, “unless Biden wins.”

Donald Trump, said this Monday, in the Labor Day in the United States, which in just four months under his government 10.6 million jobs were created.

“10.6 million jobs created in just 4 months, a record!” The president tweeted.

Trump also announced that he planned to hold a press conference at the White House to emphasize that “the number of jobs and the economic return look big.”

“Happy Labor Day!” He tweeted. And he also took the opportunity to hit his Democratic rival Joe Biden.

“The biggest financial recovery in history. Next year will be the best of all, unless one person gets involved. sleepy“he wrote in reference to Biden.

In the United States the so-called Labour Day recalls the parade held on September 5, 1882 in New York, which was organized by the Noble Order of the Knights of Labor, inspired by the movement that emerged in Canada.

Unlike other parts of the world, in the United States it is celebrated on the first Monday in September, this after President Grover Cleveland decided to change the date to avoid disorder and the celebration of May 1, which was considered socialist.

For this reason he decided, together with the Knights of Labor, to put it on another date.

Trump always presented himself as the president who boosted the economy and employment when he took office almost four years ago, but the truth is that the recovery started earlier, with Barack Obama.

The economy was healthy when Trump arrived at the White House.

Even though recovery from the 2008 financial crisis was agonizingly slow, Trump took office with unemployment of 4.7%, a constant growth of employment and a declining federal budget deficit. The longest expansion in U.S. history began in mid-2009 and continued through the beginning of the year, spanning the presidencies of Barack Obama and Trump.

The US economy did benefit from tax cuts of Trump in 2017 with a jump in growth in 2018, but the budget deficit began to rise as a result of tax cuts that favored businesses and the wealthy in hopes of expanding the economy permanently.

Annual growth during Obama’s second term averaged about 2.3%. Trump achieved a slightly higher 2.5% during his first three years, but the country entered recession this year due to the coronavirus and it will likely leave Trump with a lower track record than his predecessor within four years.

Unemployment collapsed in the pandemic months. But in the last weeks he began to recover.

According to the latest data released last Thursday, US employers added 1.4 million jobs in August and the unemployment rate dropped to 8.4 percent, indicating an improvement in the pandemic-affected labor market.

According to the US Bureau of Labor Statistics, “these improvements in the labor market reflect the continued resumption of economic activity that had been limited due to the coronavirus pandemic and efforts to contain it.”

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