A few days ago, President Trump offered a quick assessment of the economy and how it has been performing. In a few words, Trump said the economy was doing “absolutely tremendous” since he took office and, were it not for the lousy handoff from former President Barack Obama, we might even be doing better. He went on to say that “the economy is starting to come back, and very, very rapidly.”
Trump likes to point to employment growth as an important barometer, and it is, indeed, a key measure of how we are doing. But a close examination of monthly gains in civilian employment, as well as a few non-employment metrics, tells us that we are not doing all that well.
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