President Donald Trump’s new press secretary, Caroline Leavitt, was interviewed by Fox News on January 21, 2025 about his first day of work at the White House in Washington, DC. Tuesday marks the first full day of Trump’s second term at the White House.
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The White House on Friday attempted to condemn former President Joe Biden’s lower than expected benefits for US jobs in January. Using new numbers, President Donald Trump claimed he had eased the illness economy and expectations about inflation.
The Labor Bureau’s latest monthly non-farm salary report spans the end of the Biden era and the beginning of Trump’s second term, showing complicated photos.
Non-farm payroll increased by 143,000 in January, but fell below the Dow Jones forecast of 169,000, but the unemployment rate fell to 4%. And while the number of employment for the 12 months ended in March 2024 was revised sharply downward, the number of people reported to be at work has skyrocketed.
The number of payroll calculations for November and December has also been revised upwards.
However, the White House quickly framed the report as enduring Biden’s policies.
“Today’s employment report reveals that the Biden economy was far worse than anyone thought, highlighting the need for President Trump’s pro-possession policy,” White House news agency chief said. , Currylin Leavitt said in a statement Friday morning.
Kevin Hassett, director of the National Economic Council, added at the White House, “that means they are inheriting a very difficult job market due to Joe Biden’s terrible policies.”
Hassett argued that the new report has made downward revisions to the number of positions in the past few months, and that these revelations will affect the trajectory of economic indicators, including inflation.
“The big news for us is that it’s a weaker number of jobs, and I think the downward revisions we’ve seen patterns over the last few years are really, really, really, surprisingly bad,” Hassett said. .
“When you’re thinking about what this is going to do with markets, inflation, etc., be aware of the fact that it had the largest downward revision of the US employment record since 2009,” he says. I did.
This is developing news. Please check for updates.
– CNBC’s Jeff Cox contributed to this report.
