Trump praises jobs numbers, says economy would be 'like a rocket ship' if Fed were to cut rates

The economy gained a whopping 224,000 jobs in the month of June, beating expectations of 150,000 and continuing a generally robust hiring pace that has brought Americans off the sidelines and into the workforce at the highest rate since 1969.

President Donald Trump praised the jobs numbers Friday morning, telling reporters at the White House the economy"would be like a rocket ship," if the Federal Reserve were to cut rates."But we don’t have a Fed that knows what it’s doing," he said. Investors have been closely tallying a variety of economic metrics that could signal a slowdown in the economy and thereby strengthen the case for the Federal Reserve to cut its benchmark interest rate at its July 30-31 meeting, easing lending for banks and businesses.

Last month's BLS report revealed just 75,000 jobs were added to the economy in May, far below expectations of 165,000. That number was revised Friday to an even lower 72,000. In addition, April's figure was revised down to 216,000 job gains, versus 224,000.

This is certainly misleading when you compare to Obama’s numbers trump is a big fail!

How many of those so called jobs has benefits, retirement, healthcare etc,etc? Can one count on that so called job being there 10 yrs. from now? If not......it’s not a job. Rather unforced slave labor.

Thanks to President Trump. truth

Every June the employment rate rises because of low wage summer jobs with no benefits. Nice try though republicans.

Obama's economy, but Trump's detension centers. It's that simple.

How many Americans were they expecting to get a third or fourth job?

Good, so now realDonaldTrump can shut up about needing a rate cut by the Fed

Thank you Trump!

This means nothing when those jobs don't pay a living wage or people have to work more than one job.

markand4503 It hurts to report that doesn't it.

Side hustles...

Democrats have no answer to why would we want to change to Socialism when the present economy is doing better than ever in 65 years.

thank u POTUS !!! 👏

Trump!!!!

Most are shitty jobs those without benefits/part time, and government jobs. please people

Can anyone tell us if anything Trump has done made this happen? Or is it Obama run off?

Trump

Damn that orange man!

wages are stagnant = bad economy coming

Just like the Nazis did

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