"mediamatters" declare : Fox uses “lousy” May jobs report to push Trump's job-killing economic agenda

Far from being a jobs savior, Trump's economic agenda has faced heavy criticism from economists for relying on "voodoo" economic theories that falsely claim tax cuts will lead to economic growth. During the June 2 edition of Fox News' Fox & Friends, guest Steve Hilton, host of The Next Revolution, used the jobs report to claim the U.S. was in a "jobs crisis" and needed Trump's economic agenda to be enacted. Research from the nonpartisan Congressional Research Service and Brookings Institution have found no link between tax cuts and economic growth. On June 2, BLS released its jobs report for May 2017, which estimated the United States added 138,000 new jobs last month while the unemployment rate fell slightly to 4.3 percent. The jobs number fell below economists' expectations and The Washington Post declared that the report showed that the "job market stumble[d]" last month.

referring to The rush of reports comes ahead of the most important data this week: the May employment report on Friday. The batch of data is important since second quarter data has been spotty, even though economists still expect a 3 percent growth rate. A diverse group of economic reports on jobs, car sales and manufacturing activity should provide a fairly rounded out picture of the economy in May. The report is expected to show 185,000 jobs added in May. There are a number of earnings reports due, including Dollar General, Express, Ciena and Mobileye ahead of the opening bell.

Markets will get an important look at range of economic activity ahead of jobs report
referring to

Friday jobs report points to economic slowdown-commentary

The unemployment rates dropped for the wrong reasons … more people exiting the workforce. The number of jobs added to the economy was fewer than expected. Friday's jobs report had nothing for everybody! The bond market has taken note and 10-year Treasury yields, and the value of the U.S. dollar, are both sliding. The wage data were softer than expected.

Friday jobs report points to economic slowdown-commentary

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collected by :John Miller

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