US President Donald Trump today hailed numbers showing better-than-expected job growth last January and asserted his view that the US should pay much lower borrowing costs.
In a post on the website Truth Social, President Trump said: “The United States should dramatically lower the cost of its loan payments, and since we are once again the most powerful country in the world, we should pay the lowest interest rates in history.”
“U.S. employers added 130,000 jobs last January, which is a surprisingly strong number, but the government review has reduced the number of jobs created last year by hundreds of thousands,” he explained.
great review
The U.S. Department of Labor reported today that the U.S. unemployment rate fell to 4.3% last January.
The report contains significant revisions, resulting in the number of jobs created last year falling to just 181,000, the lowest level since the year of the coronavirus pandemic in 2020 and less than half the previously announced number of 584,000 jobs.
In a related move, the U.S. Department of Labor’s Bureau of Labor Statistics announced today that the U.S. economy created 862,000 fewer jobs in the 12 months ending March 2025 than previously estimated.
US President Donald Trump today hailed numbers showing better-than-expected job growth in January and asserted his view that the US should pay much lower borrowing costs.
“America should dramatically lower the cost of its loan payments, and since we are once again the strongest nation in the world, we should pay the lowest interest rates in history,” Trump said in a post on Truth Social.
“U.S. employers added 130,000 jobs last January, a surprisingly strong number, but government revisions have reduced the number of jobs created last year by hundreds of thousands,” he said.
important revisions
The U.S. Department of Labor announced today that the U.S. unemployment rate fell to 4.3% in January.
The report includes significant revisions, resulting in the number of jobs created last year falling to just 181,000, the lowest level since the onset of the coronavirus pandemic in 2020 and less than half of the 584,000 jobs previously announced.
In a related move, the Bureau of Labor Statistics, part of the U.S. Department of Labor, reported today that the U.S. economy created 862,000 fewer jobs in the 12 months ending March 2025 than previously estimated.
