The top economist at the Heritage Foundation made a compelling case for why President Donald Trump’s jobs numbers are better than the headline figure indicates.
The Bureau of Labor Statistics reported last week that a total of 50,000 jobs were added to the economy in December. That’s a holding-steady number. Given the country’s population, it takes upward of 50,000 new jobs to keep the unemployment rate about constant.
Such was true last month when the unemployment rate dropped slightly, by 0.1 percent to 4.4 percent.