During a press conference on Tuesday, House Majority Leader Steve Scalise (R-Louisiana) claimed that the economy is improving, citing lower costs for gasoline compared to earlier this month. “This is a country that’s actually experiencing a golden age again,” said Scalise, the second-highest ranking Republican in the House of Representatives. “I mean, gas prices are down 50 cents from where…
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An economic adviser to President Donald Trump has dismissed Americans’ worries over the state of the economy, claiming their concerns are a reaction to rapid movements by the administration rather than the rising consumer prices millions are having to deal with due to the president’s policies. In comments to CNBC earlier this week, National Economic Council Director Kevin Hassett claimed that…
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A new monthly jobs report from the Bureau of Labor Statistics (BLS) points to troubling signs for the so-called “Trump Economy.” According to the agency’s February jobs report, which was released late last week, the total number of jobs in the U.S. dropped by 92,000 for the month. The BLS report also included updates for the previous two months, showing downward revisions of 65,000…
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The January jobs report from the Bureau of Labor Statistics (BLS) appears, at first glance, to have positive numbers. But revisions within the report for previous months — and examinations of numbers over the past year — indicate a shakier economy than the Trump administration may want to admit. The report, published on Wednesday morning, boasts of 130,000 jobs being created in January…
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For months, President Donald Trump has falsely claimed that food prices have gone down under his watch — but a new federal report shows that prices have increased overall since he reentered the White House, particularly for some staple items. Trump has peddled false narratives regarding price decreases at several junctures, including in late November, when he claimed that costs for groceries…
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The Bureau of Labor Statistics released the jobs report for December on Friday, showing an unusual slowdown in growth for a month where consumer spending typically generates much higher numbers. Job growth increased by around 50,000, the report noted. Unemployment remained relatively unchanged from November, going from 4.5 percent in that month to 4.4 percent in December.
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