Trump Threatens Trade Halt
Trump demanded lower rates after August job gains fueled market jitters.
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Analysis & opinion
The reporting
The Labor Department reported that U.S. employers added 162,000 jobs in August, far above economists’ forecast of 53,000, while unemployment held at 4.1%. Revisions added 55,000 jobs to June and July, including a shift in July from a previously reported 23,000 loss to a 21,000 gain. The report strengthened expectations that the Federal Reserve could keep rates elevated or consider another increase as it focuses on inflation. President Donald Trump called for lower rates and threatened to cut trade with countries running surpluses with the U.S.
Analysis & opinion
GOP economic winLeans Right
The strong jobs report is a major political and economic win for Trump and Republicans. It supports their argument that Trump is restoring growth, improving workers’ finances, and weakening Democrats’ attacks over the economy and affordability.
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