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Jobs report delivers jolt for Trump campaign | TheHill

posted onJuly 6, 2019
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Article snippet: A new jobs report that said the economy added a better-than-expected 224,000 jobs in June delivered good news on Friday for MORE, solidifying the sense that economic growth will be a source of strength for his reelection bid next year. There was little bad news in the report, which showed job growth in manufacturing, construction and other sectors, as well as a slight increase in wages. After the economy added just 75,000 jobs in May — a number downgraded on Friday to 72,0000 — there were widespread concerns that the economy might be sliding back and that a recession before the election could even be possible. Such fears largely dissipated with the new report, leaving Trump sounding a confident note. “We had great numbers this morning,” the president told reporters. “And our country continues to do really well — really, really well. So we're very happy about it. I think we're going to — we're going to be breaking records.” The only bad news from the president’s perspective in the strong growth is the possibility it will lead the Federal Reserve to keep interest rates where they are. Trump argues further cuts would turbo-charge the economy, and he has repeatedly criticized the Fed’s rate hikes. “If we had a Fed that would lower interest rates, we'd be like a rocket ship, but we're paying a lot of interest and it's unnecessary,” he said Friday. “But we don’t have a Fed that knows what they're doing, so it's one of those little things. But if we had a Fed that would... Link to the full article to read more

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