The Trump White House is no doubt ecstatic with the news from the BLS and August jobs numbers. President Trump tweeted moments ago:
According to data released this morning by the Bureau of Labor Statistics, President Trump added 1.37 million jobs to the economy in August. The markets are at a record pace and now jobs are coming back! This is great news after the horrendous economic disaster the China coronavirus placed on the economy. Before this, the United States and President Trump were enjoying the greatest economy in US and world history with the GDP at $23 trillion – more than any economy ever!
Up through February, the US economy had increased with more than 7 million jobs in the three years prior to that time – all under President Trump.
Also according to the Bureau of Labor Statistics the US unemployment rate dropped nearly 2 points, from 10.2% to 8.4%.