NEED TO KNOW

Donald Trump bragged about eliminating hundreds of thousands of federal jobs in a Dec. 26 Truth Social post

The White House’s Rapid Response team said job positions within the U.S. government are at the lowest level since 2014, with 271,000 roles abolished

According to the latest data from the Bureau of Labor Statistics, the unemployment rate in the United States in November is at 4.6%, with 7.8 million people unemployed

  • A_norny_mousse@feddit.org
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    1 day ago

    PS: A very interesting tally of Trump1.0:

    • The economy lost 2.7 million jobs. The unemployment rate increased by 1.7 percentage points to 6.4%.
    • Paychecks grew faster than inflation. Average weekly earnings for all workers were up 8.4% after inflation.
    • After-tax corporate profits went up, and the stock market set new records. The S&P 500 index rose 67.8%.
    • The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 36.3% from 2016.
    • The number of people lacking health insurance rose by 3 million.
    • The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion.
    • Home prices rose 27.5%, and the homeownership rate increased 2.1 percentage points to 65.8%.
    • Illegal immigration increased. Apprehensions at the Southwest border rose 14.7% last year compared with 2016.
    • Coal production declined 26.5%, and coal-mining jobs dropped by 25%. Carbon emissions from energy consumption dropped 11.3%.
    • Handgun production rose 12.5% last year compared with 2016, setting a new record.
    • The murder rate last year rose to the highest level since 1997.
    • Trump filled one-third of the Supreme Court, nearly 30% of the appellate court seats and a quarter of District Court seats.