Originally posted by Vlad_
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http://fortune.com/2019/02/05/state-...union-economy/
Trump Inflates U.S. Economic Achievements From Jobs to Wages
President Donald Trump inflated his economic achievements during his State of the Union address, touting numbers that don’t match up with official data and highlighting some accomplishments that left out key context.
Trump said the U.S. has created 5.3 million jobs and 600,000 in manufacturing since the election in 2016. While the overall job figure matches up, Labor Department figures show the correct figure for factories is 481,000, the difference between January 2019 payrolls and November 2016.
The president also said that wages “are rising at the fastest pace in decades,” according to his prepared remarks. In fact, wages are rising at the fastest pace in just under one decade, according to the widely cited measure of average hourly earnings from the Labor Department. Another gauge, the employment cost index, rose 2.9 percent in the fourth quarter from a year earlier, the most since 2008.
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