The disappointment of US employment data is “false”, says Donald Trump

Donald Trump doesn’t like statistics when they distance him. “I have just learned that the“ job data ”of our country is made by the person named Joe Biden, Dr. Erikou Mcentarfer, (…) who dominated Employment Before the elections to increase the chances of winning Kamaly (Harris, his opponent in the last presidential election)»»says the head of state on its truth social platform. “I asked my team to return this person named Biden, instant. It will be replaced by someone much more competent and qualified”He added. He continues by saying that “Important data must be fair and accurate, cannot be manipulated for political purposes”.

On Friday morning, a monthly employment report in the United States surprised a darker table than expected from the state of the labor market, at a time when experts predict slowing under the effect of Donald Trump’s customs offensive. The first world economy created 73,000 jobs in July, according to a document published by the Ministry of Labor. “Rival!” Donald Trump commented in his message.

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Above all, the number of jobs was created during the months of May and June. The corrected data (19,000 in May and 14,000 in June) are exposed to the lowest of the Covid-19 pandemia. Repairs are “Much better than normal”It is recorded in the report. During these two months, statistics have gone up to 258,000 creations. The unemployment rate increased slightly to 4.2% compared to 4.1% in June.

Disesses to Fed

The American executive continues to claim that the economy is roaring, while urgently requires the Federal Reserve (Fed), the United States Central Bank to support it more by reducing interest rates. “The economy can be a fire under” Trump “despite a fed that also plays a game, this time with interest rates”Donald Trump will condemn again on Friday.

At the beginning of the week, the federal reserve system still preferred to leave its unchanged rates. It was the fifth time in a row, at so many meetings since Donald Trump’s return. The decision was marked by the rare opposition of two governors who promoted themselves to reduce rates to support activities and labor market. They published a press release revealing their position on Friday, just before the publication of employment. The drop in rates should “Preventively protected” Governor Michelle Bowman argues the economy and labor market. His colleague Christopher Waller believes that access to the Fed is waiting for a wait -a – “Excessively cautious”.

New Deal

Analysts were surprised by the size of repairs in the employment report without questioning the reality of new data. This message “Change the situation” By showing it “The labor market is getting worse”According to the Economist of the Bank Navy Federal Credit Union, Heather Long. The United States has “On average, 35,000 jobs have been created in the last three months”underlines and added that the federal reserve system must “Seriously consider a drop in September” To support the economy. The investors’ projections about the future level of the central bank level immediately changed after the report was published. Many of them have more betting on a decline in rates at the September meeting that reduced the loans of the federal state and the dollar.

Heather long believes it is urgent to lift the uncertainty surrounding the government’s protectionist offensive: “The more this instability of the price lasts, the more this context with low recruitment risks turns into release.” According to Jamie Cox of Harris Financial Group, President Fed Jerome “Powell will regret that he left the rates unchanged this week”. Fed, adds, “He will have to cut rates in September and it could be half a point at once to catch up with a lost time”.