Trumpian Boom R. I. P. (Part 3)

The Donald’s incessant boasting about what amounts to a cyclical gain in jobs is all the more ironic because during the campaign he trashed the very BLS numbers (and appropriately so) that he now brags about. At one point he even cited our own view that the only meaningful measure of unemployment is the share of total potential adult labor hours that are not employed in the monetized economy, which happened to be about 40%!