WASHINGTON -- President Donald Trump was greeted Friday morning with news of a blockbuster jobs report, showing that employers added 266,000 jobs in November and the unemployment rate fell to 3.5%, its lowest level since 1969.The country's economic condition, which has historically aligned with a
WASHINGTON — President Donald Trump was greeted Friday morning with news of a blockbuster jobs report, showing that employers added 266,000 jobs in November and the unemployment rate fell to 3.5%, its lowest level since 1969.
With 11 months to go before the 2020 election, a polarized electorate is dividing itself by which storyline it views as more pertinent — the president’s potential abuse of power or the comfort of a steady paycheck credited to his leadership. “Were it not for the other factors of the Trump presidency, it should be by far the most popular presidency in history, based on the economics,” said Tony Fratto, founder of Hamilton Place Strategies, a public affairs firm, and a former spokesman for the Treasury Department under President George W. Bush.
At the White House on Friday, Trump noted in a monotone voice that the unemployment rate was “at the lowest rate, as I told you, in many years and in many ways I think we probably very soon say historically.” The president’s globe-spanning trade war has put businesses on edge and slowed their investment. Manufacturing has dipped into outright contraction as weak global growth and geopolitical tensions weigh on exports.
“If any of these people that I’ve been watching on this stage got elected, your 401s would be down the tubes,” Trump said in October. “You’d destroy the country.”
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