WASHINGTON (Reuters) – U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, strengthening views that the economy was so far weathering the Trump administration’s escalating trade war with China.
President Donald Trump on Monday responded to criticisms Richard Trumka, the president of the AFL-CIO, leveled at administration policies aimed at uplifting the American worker.
The New York Times and Washington Post’s coverage of last month’s jobs report centered it falling below expectations, while the newspapers framed a similar jobs number more positively in October 2016 after it didn’t meet expectations.
Democratic Party leaders had sharp words for President Donald Trump’s economic policies, despite a July jobs report showing the economy continued to grow.
U.S. job growth slowed more than expected in July likely due to companies’ struggles to find qualified workers and the unemployment rate declined, pointing to tightening labor market conditions.
The Bureau of Labor Statistics released the June 2018 jobs report Friday, showing payroll employment was up by 213,000 and many sectors added jobs.
House Minority Leader Nancy Pelosi (D., Calif.) came down hard on a positive U.S. jobs report on Friday, saying the good employment numbers didn’t matter to “families hit with soaring new costs” under Republican leadership.
U.S. job growth accelerated in May and the unemployment rate dropped to an 18-year low of 3.8 percent, pointing to rapidly tightening labor market conditions, which could stir concerns about inflation.