The Great Smoky Mountain Journal
Staff Reports
Posted: Sunday, January 21, 2018 11:20 AM
New Jobs Report Robust As Employers Add $209K New Jobs In July, Unemployment Drops From 4.4 to 4.3 Percent
The unemployment rate also dipped from 4.4 percent to 4.3 percent, and average hourly earnings increased by 9 cents.
The president took to Twitter Friday, just moments after the Labor Department numbers were released.
“Excellent Jobs Numbers just released—and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!” he wrote.
Follow
Donald J. Trump ✔ @realDonaldTrump
Excellent Jobs Numbers just released - and I have only just begun. Many job stifling regulations continue to fall. Movement back to USA!
8:45 AM - Aug 4, 2017
10,850 10,850 Replies 8,965 8,965 Retweets 38,279 38,279 likes
Mixed signals remain. Days earlier, payroll leader ADP released its July report showing 178,000 jobs added in July, below economists’ predicted growth of 185,000.
But the government figures reflect strong hiring in restaurants and hotels, as well as education and health care.
The solid job market is also reflected in recent corporate moves. Trump has highlighted announcements by Taiwanese manufacturer Foxconn and carmakers Toyota and Mazda to open plants in the U.S.
“Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!” Trump tweeted early Friday. “…and don’t forget that Foxconn will be spending up to 10 billion dollars on top of the line plant/plants in Wisconsin.”
Follow
Donald J. Trump ✔ @realDonaldTrump
Toyota & Mazda to build a new $1.6B plant here in the U.S.A. and create 4K new American jobs. A great investment in American manufacturing!
6:02 AM - Aug 4, 2017
6,300 6,300 Replies 14,213 14,213 Retweets 59,898 59,898 likes
Follow
Donald J. Trump ✔ @realDonaldTrump
....and don't forget that Foxconn will be spending up to 10 billion
dollars on a top of the line plant/plants in Wisconsin.
6:21 AM - Aug 4, 2017
4,007 4,007 Replies 6,894 6,894 Retweets 33,559 33,559 likes
Moments later, he added: “Consumer confidence is at a 16 year high…and
for good reason. Much more regulation “busting” to come. Working hard on
tax cuts & reform!”
Follow
Donald J. Trump ✔ @realDonaldTrump
Consumer confidence is at a 16 year high....and for good reason. Much
more regulation "busting" to come. Working hard on tax cuts & reform!
6:26 AM - Aug 4, 2017
6,749 6,749 Replies 8,575 8,575 Retweets 40,012 40,012 likes
The Trump administration is meanwhile grappling with daily revelations
with regard to the Russia probe. Just Thursday, reports said Special
Counsel Robert Mueller had impaneled a grand jury, suggesting his team
has ramped up the intensity of the investigation.
But the White House will likely use their economic wins to underscore
the administration's focus on jobs.
“The Russia story is a total fabrication. It is just an excuse for the
greatest loss in the history of American politics. That’s all it is,”
Trump said at a campaign-style rally Thursday night in West Virginia. “I
just hope the final determination is a truly honest one which is what
the millions of people who gave us our big win in November deserve, and
what all Americans who want a better future deserve.”
But despite July's job numbers, House Minority Leader Nancy Pelosi, D-Calif.,
said Americans still aren’t seeing the “strong wages and good-paying
jobs they deserve.”
“Instead of creating jobs or raising workers’ wages, the Republican
Congress spent seven months doing everything it could to raise
Americans’ health costs to hand tax breaks to the richest,” Pelosi said
in a statement Friday. “Now, after squandering months on a cruel and
dangerous agenda, Republicans have closed down Congress for five weeks
with no jobs bill, no infrastructure bill, no budget, and no plan to
avert a catastrophic default.”
The Associated Press contributed to this report.
Brooke Singman is a Reporter for Fox News. Follow her on Twitter at @brookefoxnews.