Despite the harsh rhetoric he had for the legitimacy of the Obama administration’s employment numbers, President Donald J. Trump’s administration has actually made revisions that improved Obama’s numbers.
While he campaigned during the last year of the Obama administration, Trump suggested employment data that was being reported by the government was fake.
In the last employment report issued by the Bureau of Labor Statistics during the Obama administration on Jan. 6, 2017, the data indicated that nonfarm payroll employment had increased by 2.157 million jobs during all of 2016.
Now, seven months later, the Trump administration is reporting revised labor force data for last year
that is higher than was originally reported by the preceding administration.
In the BLS report for July 2017 that was issued today, the full-year 2016 job growth has been revised up to 2.240 million jobs for all of last year.
That worked out to 83,000 jobs more than was reported under President Barack H. Obama.
In addition, the Trump administration maintained the Obama-era numbers for the unemployment rate as well as the labor participation rate.
The mortgage industry was among the casualties in revisions by the Obama administration to the George W. Bush administration’s numbers.
The last report by the Bush administration had non-bank mortgage employment at 368,800 as of Dec. 31, 2007. The Obama administration revised down the industry’s employment by 60,900 versus the Bush administration’s data.
