The latest job numbers show economic growth is slowing. The Department of Labor reports:
Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census.
The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. An alternative measure of the jobless rate, which includes discouraged and underemployed workers, increased to 7.2% from 7% in July, due mainly to a 397,000 increase in those working part-time for economic reasons.
The report showed that manufacturing jobs are slowing.
On Thursday, before the numbers came out Trump tweeted they were expected to be “great.” This is what he tweeted after they were actually released.
Here’s what Speaker of the House Nancy Pelosi says:
“The August jobs report offers little comfort in an economy faltering under the Trump Administration’s reckless agenda to undermine the health, financial security and well-being of the American people.
“Uncertainty is surging, farmers are struggling and families across the nation are facing rising costs of living as the GOP’s special interest giveaways continue to hollow out the economy.