He’s a distinguished professor at the City University of New York Graduate Center. In April, the economy created some 263,000 jobs, even better than the already impressive 213,000 jobs per month that has been created on average over the last year. That’s the lowest it’s been in almost 50 years. Instead, of course, the jobless figure is a full 1. The cut has been doing some good work, but key provisions are set to expire after 2025.