Though the report showed that the economy had not come close to time for its pre-pandemic level — more than 22 million jobs were lost in March and April — there is no doubt it had been full of great news Trump might have recited verbatim.
Trump said: “We have — consumer confidence has risen 12 points since April, an all-time high. Think of that.”
Starting in 1978, once the business organization The Conference Board began conducting its consumer confidence survey from month to month, the all-time record one-month increase is really a 21.7-point jump from February 1991 to March 1991, said Lynn Franco, the organization’s senior director for economic indicators and surveys. “The last time we had an increase greater than 12.2 was in November 2011, with an increase of 14.3,” Franco said.
Consumer confidence stood at 98.1 in June. The record is 144.7, in May 2000. The confidence figure was more than 100 for your Trump presidency until the pandemic crash with this year; it stood at 132.6 in February.
Trump could have accurately boasted that the increase from May to June was one of many nine largest one-month spikes since 1978, according to Franco. Instead, that he made an objectively false claim.
Trump said: “Hispanic employment is up by 1.5 million jobs, a record by a lot.”
Again, it was a needless falsehood: Trump could have precisely boasted of a near-record increase.
African American employment
Trump said: “African American workers made historic gains, the likes of which we’ve never had before, with 404,000 new jobs in June. That’s a record, and that’s the highest number ever.”
Once more, Trump had an easy accurate boast available here. He could have said that the June increase was 2nd only to an archive month that occurred under his leadership.
Trump said: “The latest ISM Manufacturing Report rose 10 percentage points, with new orders jumping a remarkable 25 percentage points — all a record.”
Facts First: This had not been “all a record”: Trump was right that the increase in new manufacturing orders was an archive, but the escalation in the general manufacturing index had not been.