Tag: Bureau of Labor Statistics

Trump made a series of claims about his first 500 days in office, celebrating his economic policies, touting his success in adding jobs, and claiming to have made communities safer. REALITY What Trump does not tell people is that the rate of job creation under him is actually slower than the last four years under Obama. Trump claimed that the unemployment rate has dropped to 3.8%. CLAIM “American families received $3.2tn in gross tax cuts.” REALITY Trump has been making this claim since 2017, when he signed the Tax Cuts and Jobs Act into law. The disparity is because Trump does not include aspects of the bill which will actually increase taxes. Factcheck.org pointed out that the non-partisan joint committee on taxation estimates the Tax Cuts and Jobs Act will result in $1.456tn less in taxes over the next 10 years. Some of that comes from the corporate income tax rate being cut from 35% to 21%, while the tax rate for wealthy individuals has been cut from 39.6% to 37%. CLAIM “President Trump has rolled back unnecessary job-killing regulations such as the Clean Power Plan.” REALITY Trump hails the government’s October 2017 decision to scrap the Clean Power Plan, which was introduced by Obama and was designed to cut US carbon dioxide emissions by 32% by 2030. ‘America’s government is more accountable’ CLAIM “President Trump has confirmed the most circuit court judges of any president in their first year.” REALITY Unfortunately for those not aligned with the president’s political views, this is correct. Republicans have rushed through the appointment of 21 such judges, and Trump plans to add 20 more by the end of 2018.

The U.S. economy lost 33,000 jobs in September even as the unemployment rate fell to 4.2 percent, the Bureau of Labor Statistics reported Friday. Sara Eisen reports. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc About: MSNBC is the premier destination for in-depth…