Nothing to see here, Trump economic adviser Larry Kudlow insists after disappointing February jobs report numbers.
When former President Barack Obama was in office, Trump dismissed his years of very good jobs report numbers as "fake."
But now Trump's top economic adviser wants the American public to simply ignore the latest jobs report from February, because the numbers were weak and fell far short of expectations.
"Very flukey, I wouldn't pay any attention to it, to be honest with you," Trump economic adviser Larry Kudlow told CNBC Friday morning, referencing the dismally low number of jobs — just 20,000 — the Bureau of Labor Statistics said were added last month.
That's more than 10 times lower than the average monthly job growth in 2018, which was 223,000 jobs per month.
“This is a disappointing report. I don’t think there’s any way to sugarcoat it," Carl Tannenbaum, chief economist of Northern Trust in Chicago, told the New York Times.
The 20,000 jobs added in February was the second lowest jobs number since Trump took office.
The lowest came in September 2017, when just 18,000 jobs were added.
Of course, the White House and Trump love to tout jobs reports when they show big growth.
But when the numbers are bad, the White House simply tells Americans to ignore the report and move on.
Ultimately, however, the public should ignore any economic advice or analysis that comes from Kudlow.
He is, after all, the former CNBC pundit who famously prognosticated immediately before the great economic recession of 2008: "There’s no recession coming. The pessimistas were wrong. It's not going to happen."
We all know how that prediction turned out.
Published with permission of The American Independent Foundation.