‘Spectacular News,’ Trump Says of Jobs Report

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‘Spectacular News,’ Trump Says of Jobs Report

President Trump celebrated a Labor Department report showing that the economy added 4.8 million jobs last month.

I’d like to just announce the spectacular news for American workers and American families, and for our country as a whole. There’s not been anything like this — record-setting — it was just put out that the United States economy added almost 5 million jobs in the month of June, shattering all expectations. I was watching this morning and the expectations were much lower than that. The stock market is doing extremely well, which means to me jobs. That’s what it means, jobs. This is the largest monthly jobs gain in the history of our country. The unemployment rate fell by more than 2 percentage points, down to just about 11 percent. We’re down to the 11 percent number. We started at a number very much higher than that, as you know, we broke the record last month. And we broke it again, this month, and in an even bigger way. This news comes on top of May’s extraordinary jobs report, which was revised upwards by the way, to 2.7 million jobs. It was 2.5, that was last month, and that was a record-setter.

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