Skip to comments.White House takes victory lap on jobs numbers: ‘We told you so’
Posted on 02/01/2019 1:37:31 PM PST by jazusamo
Videos at link.
The White House took a victory lap Friday after the Labor Department announced 304,000 jobs were created in January, some 139,000 more than economists anticipated.
Three hundred-thousand new jobs plus, 3.2 percent increase in wages, participation rates went up, hours worked went up, it doesnt get much better than this, National Economic Council Director Larry Kudlow said in a video posted to the White House Twitter page.
I hate to say I told you so folks, he added. Were going at 3 percent plus, and I dont care, you can line up 8,000 pessimistas, and theyre wrong. Theyre completely wrong. Were on a roll and its going to stay like that.
Some economists had feared that the recent 35-day partial government shutdown would contribute to a possible recession, though Treasury Secretary Steve Mnuchin said this week the administration saw no indications whatsoever of a recession on the horizon.
The Labor Department added that the shutdown had no discernible impacts on its estimates.
The report , which marked 100 consecutive months of job growth, also showed the unemployment rate tick up to 4 percent from 3.9 percent and wages rise by 3 cents. Overall, average hourly earnings were up 85 cents in the past year, a 3.2 percent increase. The wage increase coincides with new minimum wage laws recently passed in 19 states.
Financial markets, which had their strongest January in 30 years after suffering the worst December since the Great Depression, reacted positively to the jobs report, with the Dow Jones Industrial surging 150 points in morning trading.
President Trump praised the jobs report Friday, saying he was not surprised by the economys strong showing.
This country is doing really well. We have the strongest economy in the world, by far, he said. Those numbers were very, very impressive.
The Fame News Media has an anti-Trump bias.
Thankfully, the economy has a pro-Trump bias !
Congratulations Mr President for this outstanding achievement.
After the Bush crash, the Obama depression - we have the Trump boom !
I watched CBS This Morning - not even a whisper of this great news.
Considering they predicted that if President Trump wins....we will all become destitute.
All the insane screaming about Collusion, the Wall, etc is just distraction from what the Rats are terrified of talking about - the fantastic Trump economy.
They wait to bury the reporting on reaction to the news instead of just reporting the news.
Same will happen to the VA governor found to have a black face/ KKK picture in his med. school yearbook.
Hmmmmmm. Think anyone else noticed?
Just like the record cold in the Midwest. The cold is actually proof that it’s Warming. Likewise, jobs are proof that the economy is failing. Your belief in the evidence of your own eyes is only proof of your stubborn backwardness.
Ignore the fact that they predicted the opposite of what happened. They’re smarter than you; admit it and you can be smart, too.
Nancy wants to reverse this with her HR-1 , New Green deal and more taxes for everyone
But the Socialists, who all seem to have an aversion to honest work, will say the Rich are getting richer, while the poor are getting poorer.
Still to deal with 30 million-plus taxpayer and culture-draining illegals in the country, and no fair shake for low-skill Americans until he does, but A+ on the economy.
Support Free Republic, Folks!
The SOTU is going to be certified platinum. How the hell is Pelousy and Fumer going to counter all of this?
Agreed...Realistically they can’t counter it but they’ll come up with propaganda to placate their ignorant base.
No, NO, NO! Don't let them get away with that now! Everybody and his uncle has been reporting that the economy would suffer a major blow. Don't let them off the hook. Force them to say that Trump's economy is so strong it overpowered all the drags on it.
We should never have let Obama say that 3% and low unemployment could only be achieved with a magic wand and then try and claim credit when we actually hit it.
When POTUS Trump mentions this at the SOTU Speech half the room will be sitting on their hands. What is good for America is bad for the DemoncRats.
Never mind this. What about the latest report from a tabloid on what an anonymous source who spoke with some porn star said?
The enemedia will be all, over that shortly. :^)
Of course they’re going to ignore this completely.
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