US EditionTrump defends the US economy with charts after job reports showed warning signs
DISTRICT OF COLUMBIA, UNITED STATES, AUG 7 – President Trump used charts to counter concerns from a July jobs report showing only 73,000 jobs added and downward revisions of 258,000 jobs, highlighting overestimations under Biden.
- On Thursday, President Donald Trump called a press briefing in the Oval Office to share charts aimed at defending the strength of the U.S. economy following a jobs report that showed only 73,000 new positions added in July.
- The event came after revelations that the Bureau of Labor Statistics had reported 1.5 million more jobs than were actually created during Biden's final two years, along with a recent adjustment lowering May and June job figures by 258,000.
- Trump and economist Stephen Moore presented unpublished Census Bureau data claiming that during Trump's first five months of his second term, median household income rose $1,174 adjusted for inflation.
- Trump described the income rise as remarkable and remarked that if he had predicted it earlier, people likely wouldn’t have believed him. Meanwhile, Goldman Sachs projected that inflation for July would reach 3%, increasing from 2.3% in April.
- The presentation aimed to reset the economic narrative despite rising inflationary pressures and sluggish job growth, with Trump pledging he could galvanize a boom and capitalizing on public unease about affordability.
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72 Articles
'Morning Joe' Tells Trump 'You Can’t Lie to the American People' Over Jobs Report
President Donald Trump claimed that the Bureau of Labor Statistics overestimated Biden job reports by nearly 1.5 million just days after firing the head of the BLS. He suggested, without evidence, that those numbers were rigged and instead touted new numbers from the conservative-leaning Heritage Foundation on Wednesday. “Those Kinko’s charts brought to you by the same people that brought you Project 2025,” MSNBC’s Joe Scarborough joked of econo…
Trump defends the U.S. economy with charts after job reports showed warning signs
President Donald Trump has summoned reporters to the Oval Office to present charts that he says shows the economy is solid. This follows a recent jobs report that raised concerns and led to the firing of the head of the…
US President Donald Trump has proposed "alternative economic statistics" that are supposed to show the economy is performing better now than when Joe Biden was president. Just a week ago, Trump fired the head of the US Department of Labor's Bureau of Statistics after disappointing job figures.
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