Such a relationship between GDP and the unemployment rate has occurred many times, most recently in the first quarter of 2006, before the financial crisis pushed the unemployment rate high and economic growth slowed markedly.
Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel.
Gasparino responded with a mix of snark and anger.
Fox Business panelist Charles Gasparino on Tuesday criticized President TrumpDonald John TrumpOakland Raiders's Marshawn Lynch sits during national anthem, then scores touchdown Trump declares state of emergency in Carolinas ahead of Hurricane Florence Ex-NFL player tears into Nike: Kaepernick ad "like 9/11 and Pearl Harbor" MORE's penchant for offering false information, saying in a tweet "when was the last time Donald said something that [wasn't] filled with utter bull--?"
But economists say the truth is closer to splitting the baby: Neither president is exclusively responsible and yet both deserve some of the credit for an economic recovery that without a doubt began under Mr Obama.
But Trump got it wrong way wrong when he said it hasn't happened in a century.
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CNN's Tapper noted that Session's attorneys said that Sessions stands by his testimony, and denied encouraging a meeting with Russians.
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The economy was, however, struggling when Obama took office in 2009. At that time, the American jobless rate was 4.4 percent, and the gross domestic product increased at 16.5 percent in the third quarter - a difference of 12 points.
The unemployment rate is at near-20-year lows, but recorded its steepest declines while Mr Obama was in charge. The U.S.is now its 10th year of economic growth, and in its longest period of growth with 95 straight months of job creation.
He also noted that the fruits of the economic recovery have not been shared evenly.
That's not the case for the S&P 500 Index, which has increased about 35% since Trump was elected on November 8, 2016.
But hourly pay for mid-wages workers in that time has risen only a paltry 0.5%, he said.
Asked about the veracity of the statement later that day at a White House press briefing, Hassett said: "So I can tell you what is true".