President Donald Trump is celebrating the massive surge in nonfarm payroll jobs reported for November, and the drop in the unemployment rate.
“GREAT JOBS REPORT!” stated Trump
Market analysts estimated that the November jobs numbers would come in at 187,000, but that count was shattered when the report stated that 266,000 jobs were created, and the unemployment rate fell to 3.5%.
JOBS, JOBS, JOBS! They said it could never be done but this months expectation was demolished as 266K jobs were added—7 MILLION since Election Day—and the forgotten men and women of America are forgotten no more! pic.twitter.com/x7rQiric80
— Vice President Mike Pence (@VP) December 6, 2019
“Bottom line, America is working,” Larry Summers, director of the National Economic Council, told CNBC’s “Squawk on the Street.” “These are very strong numbers. These are happy numbers, these are sunny Friday numbers.”
The White House’s Council of Economic advisors tweeted that the ‘266k jobs” last month blew past market expectations and the “3.5” unemployment rate matched a 50-year low achieved under” President Trump.