Trump thought acquittal was giving him a good week. Then some very inconvenient jobs numbers came out
4 years, 11 months ago

Trump thought acquittal was giving him a good week. Then some very inconvenient jobs numbers came out

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Deep State’s latest jab at the president is Friday’s yearly revision of estimated job growth under Trump -- the heart of his case that he deserves a second term, and the bedrock of the 56 per cent approval of his economic policies. Coupled with impeachment news and Trump’s bizarro performances Thursday at a White House victory event and the National Prayer Breakfast, the revisions overshadow Friday’s news that the US economy added 225,000 jobs in January, beating average forecasts of 164,000, with the unemployment rate rising to 3.6 per cent. But deregulation was focused on two industries — Wall Street, in a scaling-back of the Dodd-Frank law passed after 2008’s financial crisis; and energy, which benefits in theory from everything from Trump’s rollback of Obama’s climate change plans to letting oil and gas companies bid for drilling rights in Bear’s Ears National Monument, an expanse of red-rock Southern Utah that Obama protected by executive order on his way out the door. Energy stocks, of course, thanks to falling energy prices — the S&P 500 Energy Index has lost 5 per cent a year even with dividends over the last three years.

History of this topic

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