Trump hails ‘blowout’ job numbers as stock markets bounce

Donald Trump has tweeted his satisfaction after a closely-watched report suggested the US economy was in a healthier place than feared.

At the end of a week dominated by an escalation in the US president’s trade war, which pulled US indices back from record highs, it was revealed that hiring in the American economy jumped to its highest level since January last month.

The numbers in the non-farm payrolls report smashed market expectations on every level.

It showed the US jobless rate falling to 3.5% – matching its lowest level for 50 years.

Stock Markets Up Record Numbers. For this year alone, Dow up 18.65%, S&P up 24.36%, Nasdaq Composite up 29.17%. “It’s the economy, stupid.”

— Donald J. Trump (@realDonaldTrump) December 6, 2019

In all, 266,000 net new jobs were created across the economy. Economists had expected a figure around 180,000.

Mark Gibson

Graduates in Northwestern University, Evanston, Illinois 1990. Move to Los Angeles California in 2004. Specialized in Internet journalism.

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