For months, economists, media pundits, and Democrat lawmakers warned Americans that President Donald Trump’s economic agenda would trigger a slowdown, spark layoffs, and push the country toward recession.
Instead, the latest employment report delivered a reality check that many of those same experts would probably prefer to ignore.
Fresh labor data released Friday showed the American economy continuing to add jobs at a pace that far exceeded expectations, once again exposing how badly many professional forecasters have misread the direction of the Trump economy.
Economists Miss the Mark Again
According to the latest figures from the Bureau of Labor Statistics, employers added 172,000 jobs during May.
That number wasn’t just higher than expected.
It absolutely shattered forecasts.
Most economists surveyed before the report predicted that job growth would come in around 85,000 jobs. The actual figure was more than double that estimate.
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