Rifleman
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The Coal Industry Has Lost Almost One Thousand Jobs Since Trump Became President
What the data says:
Coal Jobs
The Dow Jones U.S. Coal Index tracks the coal industry subsector. When Trump was elected in November 2016 the index was around 45 and closed on Friday at 8.57, down approximately 80%. There have been numerous mine closures and bankruptcies during his time in office, with little positive outlook for the industry.
- November 2016: 50.700
- January 2017: 51,000
- February 2020: 50,100 (down 900 since Trump’s inauguration)
This is not a political issue. In a free market system it is important to bring something to market that people and markets want. Coal is not profitable, and coal mining is not a skill set the markets demand.
In America we shouldn't have state sponsored jobs. We need a nimble workforce.