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The White House took a victory lap Friday after the Labor Department announced 304,000 jobs were created in January, some 139,000 more than economists anticipated.
“Three hundred-thousand new jobs plus, 3.2 percent increase in wages, participation rates went up, hours worked went up, it doesn’t get much better than this,” National Economic Council Director Larry Kudlow said in a video posted to the White House Twitter page.
Percent - Line - Pessimistas - Roll - That
“I hate to say I told you so folks,” he added. “We’re going at 3 percent plus, and I don’t care, you can line up 8,000 pessimistas, and they’re wrong. They’re completely wrong. We’re on a roll and it’s going to stay like that.”
Some economists had feared that the recent 35-day partial government shutdown would contribute to a possible recession, though Treasury Secretary Steve Mnuchin said this week the administration saw “no indications whatsoever of a recession on the horizon.”
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