"Our economy is the envy of the world, and we’re going to keep it that way."
THE PRESIDENT: Hello, everybody. That’s a very bright sun. Beautiful day in Washington.
I will say that we’ve had tremendous reports coming out of the economy — it’s been incredible — and numbers like we haven’t seen before. And we have the strongest economy in the world: 266,000 jobs; you can add another 40 [thousand] to that. It’s about 300,000 jobs. Very importantly, it’s 50- or 55,000 manufacturing jobs. We’re the envy of the world. Our economy is the envy of the world, and we’re going to keep it that way. So that’s very important.
“These are the best jobs numbers of our lives"
- The unemployment rate fell to 3.5%—matching its lowest level in 50 years.
Economists had expected the economy to add 185,000 jobs. It added 266,000.
Economists had predicted 15,000 more manufacturing jobs. We got 54,000.
- Compared with last year, average hourly wages are up more than 3%.
- The number of Americans working rose to 158,593,000—a record high.
Here’s the full update from the Council of Economic Advisers
Additionally, September was revised up by 13,000 from +180,000 to +193,000, and the change for October was revised up by 28,000 from +128,000 to +156,000. With these revisions, employment gains in September and October combined were 41,000 more than previously reported. [Full BLS Report Here]
"President Trump has restored incentives .. incentives to work, to invest, to take risks, to start a business"
National Economic Council Director Larry Kudlow discusses the November jobs report, economic growth and China trade. #FoxBusiness FOX Business Network (FBN) ...