“The Economy is great. The only thing adding to ‘uncertainty’ is the Fake News!” Trump tweeted Friday, hours after the Bureau of Labor Statistics released an August jobs report that fell below expectations.
The U.S. economy added 130,000 jobs in August, 25,000 of which were hires for short-term positions to conduct the 2020 U.S. census. While the unemployment rate stayed steady at 3.7 percent, the August jobs gains were well below economists’ estimates of 145,000 to 160,000 new hires.
The August jobs report was the latest sign that the growth of the U.S. economy is beginning to slow after more than a decade of consistent expansion. Economists say that while the country is adding enough jobs to stave off a recession for now, a broader global slowdown poses severe risks for the U.S.
View the complete September 6 article by Sylvan Lane on The Hill website here.