Great Jobs Data to Test Trump Pitch to Make Economy Great Again
Donald Trump already was having a pretty tough week before the Labor Department made it more difficult.
Roughly an hour before the U.S. government’s release of the monthly employment report, the Republican presidential nominee announced a team of economic advisers to help carry his message forward that the economy is deteriorating and needs another rescue. Then came the news that U.S. employers added a stronger-than-expected 255,000 jobs in July, showing broad-based hiring, wages climbing more than forecast and workers picking up more hours.
“This deprives him of a great opportunity to criticize the economy — you have to conclude that the economy continues to grow moderately and the labor market continues to heal,” said Greg Valliere, chief global strategist at Horizon Investments LLC. “It’s still another negative for him in a week that was filled with negatives.”