As the USA election day approaches, the two party presidential candidates do not miss any opportunity to attack each other; President Trump criticized the non-farm report harshly at a rally in Michigan on Friday, calling it "the worst employment report in our country's history".
As the usa election day approaches, the two parties' presidential candidates do not miss any opportunity to attack each other. As expected, the latest non-farm report has been used by former president and republican presidential candidate Trump to make a big fuss.
Data released by the USA Department of Labor on Friday showed that only 0.012 million new job positions were added in October, and the unemployment rate remained at 4.1%.
President Trump criticized the non-farm report harshly at a rally in Michigan on Friday, calling it "the worst employment report in our country's history".
"We have breaking news. This is actually bad news. This is good only in one thing, if your opponent happens to be the idiot who created this news. This is bad news, it's bad news for the country. This newly announced employment report definitively proves that Kamala Harris and the fraud Joe have pushed our economy over the cliff," Trump told supporters in Warren City, Michigan.
"If she does it for another four years, your family will never be able to - you will never be able to recover from these stupid people (governing the economy)," he added.
Trump also criticized the "poor" number of 0.012 million in the non-farm report, saying, "I have never heard of 0.012 million job positions."
Trump spokesperson Caroline Levitt also stated in a declaration that the Friday job growth was a "disaster", and the report clearly reveals how Kamala Harris severely damages the USA economy.
But clearly, the external world has already prepared for this significant cooling of the employment report. The market has long anticipated that, affected by hurricanes and strikes, the October non-farm data will show a certain degree of distortion.
Jared Bernstein, Chairman of the White House Council of Economic Advisers, pointed out in a media interview on Friday that two powerful forces (hurricanes and strikes) have had a negative and temporary impact on job growth.
"If you take these factors into consideration, the underlying pace of job growth remains healthy, possibly around 150,000. This is enough to keep the unemployment rate stable," he said.
Meanwhile, according to data released by the US Department of Commerce on Wednesday, the third quarter Gross Domestic Product (GDP) grew at an annual rate of 2.8%, slightly below market expectations, but still showing the resilience of the US economy.
After suffering from years of inflation, American voters largely consider the economy as a top priority in their election choices. Whether it's Trump or Harris, they both claim that their economic agendas are the most beneficial for the American people.
Editor/rice