There has been NO Trump boost in the US jobs market

Trump called the addition of 209,000 workers in July "Excellent Jobs Numbers" and said the job gains were only beginning, claiming deregulation undertaken by his administration will help boost the labor market.

The thing is, the job gains seen since Trump's inauguration are similar to the trend that began years ago.

The jobs report numbers that came in over the first seven months of Trump's presidency don't paint a picture of any so-called "Trump bump."

As Michael Feroli, chief economist at JPMorgan, put it, the July report was another example of "boring stability" not dynamic growth.

The average monthly job gain over the first seven months of 2017 was 184,000. This is lower than the 196,000 average between January and July of 2016 and the second-lowest average for the first seven months of the year since 2012.

This isn't to say that a bigger economic boom can't happen — for instance, a large infrastructure investment package could be a boost to earnings growth or overall job gains. But so far everything is still grinding along much the same as it was before Trump's election.

[link to www.businessinsider.com]