Donald Trump’s campaign is responding to September’s job report, suggesting that people see the Obama-Clinton economy is failing them.
“Today’s weak September jobs report confirmed what people feel — that the Clinton-Obama economy is failing them. Americans desperately need more jobs and new economic policies, not the same-old, same-old offered by the Clinton campaign,” Trump’s senior economic advisor David Malpass states in a press release.
September’s job report reveals that a lower amount of jobs was added than had been anticipated, and there was a rise in unemployment.
“Payroll growth was disappointing for a second straight month in September as employers added 156,000 jobs, raising questions about the health of an economy that was expected to perk up from a prolonged slump in the second half of the year,” reports USA Today’s Paul Davidson.
According to Fortune, it was projected 177,000 jobs would have been added in September. Additionally, the Wall Street Journal notes that 13,000 manufacturing jobs in the United States were lost last month.
The unemployment rate also rose from 4.9 percent to 5 percent.
The Trump campaign’s press release on Friday noted that the labor participation rate is at 62.9 percent, “near a historic low.”
“The overall unemployment rate is stuck at 9.7%. That means that millions of Americans are being left out of the recovery, hitting the young and minority workers particularly hard,” Malpass adds.
The report shows a troubling long-term trend: after seven hard years of the Clinton-Obama administration their policies still can’t produce better-paying jobs and upward mobility. Average wages rose only six cents in September and are barely keeping up with inflation. Almost a third of the jobs added in September – 51,000 jobs – are low-paying service jobs in sectors such as retail and restaurants that won’t support a family, pay for a home or put children through college.
“We see many jobs in services, and too few better-paying jobs making the goods Americans use and can export to the rest of world,” Malpass explains. “The ‘recovery’ is seven years of policy failure on virtually every significant metric — growth, income, trade and jobs. Four more years of Clinton-Obama policies would mean four more years of mediocrity or worse for American workers.”
Trump’s senior economic advisor says Americans need Trump’s plan for lower taxes and regulatory reform in order to create more jobs