This summary comes from Simon Rosenberg’s Substack analysis:
Friday, May 5th – The May BLS jobs report is out, and it’s another good one – 253,000 net new jobs, 17,000 more than last month. With this new data, my monthly jobs tracker clocks in at:
- 33.8m jobs – 16 years of Clinton, Obama
- 12.7m jobs – 26 months of Biden
- 1.9m jobs – 16 years of Bush, Bush and Trump
Biden’s 12.7m jobs are 6 times as many jobs as were created in the 16 years of the last 3 Republican Presidencies combined.