Trump declares US economy booming despite affordability concerns: ‘IT’S RAINING JOBS’
The Labor Department said the unemployment rate held at 4.3% as Trump argued strong hiring should ease market worries.
- On Friday, the Labor Department reported the U.S. economy added 172,000 jobs in May, nearly double forecasters' expectations. President Trump reacted on Truth Social, arguing strong job growth should boost markets, not trigger selling.
- Fearing the strong data could pressure the Federal Reserve to raise interest rates, investors reacted with alarm. The Nasdaq Composite lost over 3.8% on Friday, marking its steepest single-day drop since April 2025.
- Kansas City Fed President Jeffrey Schmid said Thursday that inflation numbers have 'crept up into the 3.50% range,' presenting an early test for newly installed Fed Chair Kevin Warsh. High energy costs persist, with diesel averaging $5.38 a gallon.
- Trump has repeatedly tied his political fortunes to economic performance heading into November midterms, yet critics argue modern central banking has fundamentally changed how job growth translates to market gains. This disconnect undermines his economic messaging.
- How Warsh navigates his first Federal Open Market Committee meeting, scheduled for June 16-17, could prove decisive for markets and the administration's economic narrative. Analysts warn real wages will continue to fall, complicating the administration's growth story.
19 Articles
19 Articles
Jobs Report Blows Past Expectations In Welcome Bright Spot For Inflation-Plagued Economy
by Spencer Lombardo at CDN - A new jobs report exceeded expectations despite the U.S. economy facing inflation and record debt. U.S. payrolls rose by 172,000 last month, far above the Dow Jones’ 80,000 estimate that CNBC reported Friday. Unemployment remained steady at 4.3%. “Almost every industry is hiring again except tech and finance. There are a lot of encouraging signs for … Click to read the rest HERE-> Jobs Report Blows Past Expectations …
NTD Evening News Full Broadcast (June 5)
President Donald Trump praised a “great” jobs report as the United States added 172,000 jobs in May, exceeding expectations amid the war in Iran. Trump also traveled to Wisconsin to discuss agriculture policies. Top federal prosecutors opened a probe into multiple election fraud cases amid the California primary elections, as ballots continue to be counted. U.S. Attorney Bill Essayli said in an X post, “California’s election system has serious s…
Trump Fumes at Nasdaq Plunge, Says 'Stocks Should Go Up, Not Down' After Bumper Jobs Report
President Donald Trump lashed out at financial markets on Friday after Wall Street responded to a stronger-than-expected jobs report by selling off sharply, with the tech-heavy Nasdaq closing down 4.18% — its worst single session since April 2025. The president, who has repeatedly tied his political fortunes to economic performance, posted his reaction to Truth Social shortly after the Bureau of Labour Statistics released its May 2026 employment…
Trump hails 'fantastic' jobs report, blasts 'loser' Sen. Tillis and Bolton aboard Air Force One
WASHINGTON — President Donald Trump on Friday hailed a strong jobs report as evidence of a booming economy, while floating potential government partnerships with artificial intelligence companies and taking shots at Senate Republicans and former officials during a wide-ranging gaggle aboard Air Force One. Trump spoke with reporters for about 20 minutes en route to… The post Trump hails ‘fantastic’ jobs report, blasts ‘loser’ Sen. Tillis and Bolt…
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