The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on July 05, 2019, 04:24:26 pm
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Trump hails 'unexpectedly good' jobs report
By Sylvan Lane - 07/05/19 11:44 AM EDT
President Trump on Friday touted an “unexpectedly good†June jobs report and claimed the gains would be record-breaking if the Federal Reserve did not raise interest rates throughout his term.
Speaking to reporters at the White House, the president said he was “very happy†about the monthly employment report released by the Labor Department earlier Friday, which showed a gain of 224,000 jobs in June.
“We had great numbers this morning,†Trump said. “Those were really unexpectedly good, and our country continues to do really well—really, really well.â€
The June employment report far exceeded expectations from private sector economists, who projected the U.S. to add roughly 160,000 jobs last month. The surprising overshoot may help ease fears of slowdown raised by a dismal May jobs report that fell well short of hopes.
more
https://thehill.com/policy/finance/451755-trump-hails-unexpectedly-good-jobs-report
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So should we all.
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It's summer, so I'm guessing these are mostly seasonal jobs which will be gone by September.