Reply To: Full Employment, Cycles, Etc

#21432
johnwinters91
Participant

Professors,

I saw an article on Drudge trying to say that the latest record jobs report is due to the tax cuts. How can we explain the fact that it is a continuation of a trend started under Obama, as shown in the BLS graph below? What’s the cause of this, if not Obama’s bailouts and monetary expansions?

https://data.bls.gov/timeseries/LNS12000000

Thanks