The U.S. economy defied expectations by creating 128,000 new jobs in October. Furthermore, official numbers for the prior two months were revised upward by 95,000 jobs. But a tweet from President Donald Trump celebrating 303,000 jobs has economy-watchers confounded.
The better-than-expected jobs report beat forecasts for an 85,000 figure. October’s results were partly impacted by General Motors’ strike that temporarily removed 46,000 workers from the books; the Bureau of Labor Statistics noted that the strike reduced motor vehicle jobs by 42,000.
Under certain scenarios — which include upward several adjustments — it’s possible the jobs data would have topped 200,000, a brisk number considering the slowing economy. Yet shortly after the data’s release, Trump lauded the “blowout” number on Twitter, but suggested the true jobs figure would have been 303,000:
Wow, a blowout JOBS number just out, adjusted for revisions and the General Motors strike, 303,000. This is far greater than expectations. USA ROCKS!
— Donald J. Trump (@realDonaldTrump) November 1, 2019