Here’s a handy de-coding chart for you…
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Below is the Fed chart of total non-farm employment going back to the start of the Trump administration … with a couple of defining milestones.
(A) Employment was 143.2 million when Trump took office.
(B) Prior to the Covid lockdowns, total employment reached 152.5 million … an increase of 9.3 million
(C) The Covid lockdown cut employment by 22 million … down to 130.5 million
(D) In the final year of the Trump administration, about 12 million jobs were regained … pushing employment back up to 142.5 million (which was 700k lower than when Trump took office)
(E) Currently — after a about a year of Biden — employment is at 151.3 million … up 8.8 million since his inauguration ,,, but still 1.2 million lower than the pre-Covid level
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My take
(1) Seems reasonable to credit Trump with about 9 million jobs created during the “normal” period preceding the Covid pandemic.
(2) Less reasonable to tag Trump with “causing” the destruction of 22 million jobs during the Covid pandemic … true, he OK’ed the lockdowns … but, reasonable to argue that the job losses were transitory, i.e. regainable once the pandemic passed.
(3) To that last point, during Trump’s last year, about 12 million of the Covid-related job losses were regained (i.e. not “created”)
(4) Since Biden’s inauguration, another 8.8 million jobs were regained from the Covid drop … pushing employment up to 151.3 million … still more than 1 million shy of the the nation’s pre-Covid employment level.
So, is Biden — as he claims — the greatest job creation president ever?
Those are the numbers … draw your own conclusion.
The Homa Files 
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