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Trump slams the media after weakening job report in August



President Trump Donald John Trump. Smoot-Howley Out of Concerns Jerry Moran: "I wouldn't be surprised" if Pompeo ran for Senate in Kansas Hill from 12:30 report: Trump doubles Dorian threat to Alabama MORE [19659003] hit the media on Friday after publication in a job report in August, accusing journalists of worrying about a potential recession.

"The economy is great. The only thing that adds to "insecurity" is the fake news! "Trump tweeted on Friday, hours after the Bureau of Labor Statistics released a job report in August that fell below expectations.

The U.S. economy added 130,000 jobs in August, 25,000 of which were hired for short-term U.S. Census jobs in 2020. While unemployment remains stable at 3.7 percent, job growth in August is well below economists' estimates of 145,000 to 160,000 news hires.

The August jobs report was the latest sign that US economic growth was slowing down after more than a decade of consistent expansion. Economists say that while the country adds enough jobs to ward off the recession, widespread global slowdown poses serious risks for the US

Trump's escalating trade war with China, slowdown in global growth and several geopolitical stressors have weighed in Sustainability US Economy. Both countries are ready to resume trade talks next month.

Trump also tweeted about China on Friday, saying, "Billions are pouring into the US. Target Patriot Farmers Receive Huge Dollars From Inbound Tariffs! Good jobs, no inflation (The Fed has had the worst year in decades. Talks happen, good for everyone! "

While the labor market and consumer spending remain strong, business invest The US economy and trade growth – sensitive sectors have declined due to less foreign sales, rising costs of imported goods and uncertainty around the global outlook.

"As this report fades to memory, expectations are that the US economy will continue to it grows in the coming months, but the risks of a recession increase, "says Mark Hamrick, senior economic analyst at Bankrate.com [19659005]." To some extent, this is part of the natural progression of the economy. But there is no doubt that the risks are compounded by trade tensions, tariffs and weakness in the global economy. "

Trump, who is in political danger if the recession begins before the 2020 elections, tries to stifle the talk of decline. The president accused Democrats of sabotaging the economy to disable their re-election and routinely crunching the press for an inspiring global economic outlook. The president ripped off the central bank for non-compliance with the negative interest rates of European countries, even as the US economy grew.

"The Fed must cut interest rates. – and quantifying high doses also didn't help, "Trump tweeted on Friday.

" Where did I find this guy Jerome? Oh, well, you can't win them all! "Add Trump, citing Fed Chairman Jerome Powell, who the president nominated to head the central bank in 2017.


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