Can Trump Create 10-Million Jobs In Ten Months?
- 4 years ago
During his acceptance speech for the Republican nomination, Pres. Donald Trump pledged to create 10 million jobs in less than a year.
CNN asked analysts if that was possible.
Covid-19 still not under control.
CNN said the path to economic recovery is unpredictable.
More than 22 million jobs vanished this spring as a result of the pandemic lockdown.
That's the worst jobs loss on record.
The unemployment rate peaked at 14.7% in April.
The good news for Pres. Trump is that the economy has since added back more than 9 million jobs -- also a record.
The consensus forecast for next week's August jobs report is for 1.4 million jobs added, according to Refinitiv.
CNN asked analysts if that was possible.
Covid-19 still not under control.
CNN said the path to economic recovery is unpredictable.
More than 22 million jobs vanished this spring as a result of the pandemic lockdown.
That's the worst jobs loss on record.
The unemployment rate peaked at 14.7% in April.
The good news for Pres. Trump is that the economy has since added back more than 9 million jobs -- also a record.
The consensus forecast for next week's August jobs report is for 1.4 million jobs added, according to Refinitiv.