President Trump lashed out Friday at the news media after the release of an underwhelming August jobs report, accusing journalists of stoking anxiety about a potential recession.
“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.
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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 news 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.
Trump’s escalating trade war with China, slowing global growth and several geopolitical stressors have weighed on a resilient U.S. economy. The two countries are set to resume trade talks next month.
Trump also tweeted about China on Friday, saying, “Billions pouring into USA. Targeted Patriot Farmers getting massive Dollars from the incoming Tariffs! Good Jobs Numbers, No Inflation(Fed). China having worst year in decades. Talks happening, good for all!”
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JUST IN: Trump blames media for stoking anxiety about a potential recession after lackluster August jobs report https://t.co/z4UPYXZ9yM pic.twitter.com/6sfQbqlUhV
— The Hill (@thehill) September 6, 2019
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