.MaddowBlog: We now know that the economy created more jobs during President Biden's first year than in former President Trump's first three years combined.
of its pandemic job losses — and it's happened faster than any thought possible a year ago.
Best of all, every February, the Bureau of Labor Statistics publishes revised totals for the entirety of the previous year. Some months from 2021 were revised up, while others down, but the overall net effect was heartening: We thought the economy added 6.4 million jobs in President Joe Biden's first year, but we now know the actual number was more than 6.6 million.
As for the political context, over the course of the first three years of Donald Trump's term — when the then-Republican president said the United States' economy was the greatest in the history of the planet — the economy created roughly 6.5 million jobs. This includes all of 2017, 2018, and 2019. According to the latest tally, in 2021, the U.S. economy created more than 6.6 million jobs — more than the combined total of Trump's first three years.
For many years, I ran a chart at the bottom of posts about the monthly jobs reports, but the job losses at the start of the pandemic were so severe, it's rendered the image largely meaningless. I'm still retooling it in the hopes of making it useful again.
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