RedState
Raw Story
Trump's latest economic figures raise red flags for CNN analyst: 'Defying logic'
Far Left
The latest economic figures for President Donald Trump's economy raised all sorts of red flags for one analyst on Thursday. The Department of Labor reported that just 57,000 jobs were added to the U.S. economy over the last three months, which is far below the 129,000 jobs that were cited in the last report. The unemployment rate also dropped to 4.2%, which is often a sign of a healthy economy, but the numbers were not comforting to David Goldman, CNN's senior business reporter. Goldman reacted to the numbers on "CNN News Central" on Thursday. He noted that the data suggest certain sectors of the economy, such as health care and hospitality, are struggling to hire workers. For instance, he noted that just 22,000 nursing jobs had been added over the last year, far below the 38,000 added at this time last year. "That is something that we need to watch," Goldman said. He also noted that the figures showed a significant decline in hospitality hiring, which seemed hard to believe because multiple cities are hosting World Cup games. "I think, and there are a number of economists who are smarter than me who think, that this might change as we get those revisions in the future months, because this is kind of defying logic and defining what we can see with our own eyes," Goldman said.
