The U.S. economy is “faltering,” House Speaker Rep. Nancy Pelosi (D-Calif.) declared Friday in response to the U.S. Labor Department’s August report revealing that a record number of people were employed last month, while the unemployment rate held at 3.7% - and fell to record lows for blacks and Hispanics.
“The August jobs report offers little comfort in an economy faltering under the Trump Administration’s reckless agenda,” Speaker Pelosi says in a statement posted on her website:
"The August jobs report offers little comfort in an economy faltering under the Trump Administration’s reckless agenda to undermine the health, financial security and well-being of the American people."
“Uncertainty is surging,” Pelosi says, criticizing the Trump Administration’s health care policies:
“Uncertainty is surging, farmers are struggling and families across the nation are facing rising costs of living as the GOP’s special interest giveaways continue to hollow out the economy. Instead of working to lower health costs, the President and Republicans continue their cruel battle in the courts to strike down protections for people with pre-existing conditions and every other benefit and protection of the Affordable Care Act.”
As CNSNews.com reported Friday, employment in the U.S. set its 21st record high under Trump in August:
"The number of people employed in the United States hit a record 157,878,000 in August, the 21st record set under President Donald Trump, according to the employment report released today by the Bureau of Labor Statistics.
"That's an increase of 590,000 from the record 157,228,000 employed in July.
"The unemployment rate held steady at 3.7 percent. For blacks, the unemployment rate dropped to a record low of 5.5 percent last month. And for Hispanics, the unemployment rate was 4.2 percent in August, which ties the record low set earlier this year."