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WASHINGTON, D.C. -- In response to the Bureau of Labor Statistics report this morning that the US economy added 350,000 jobs in the month of December, 2018, Stephen Moore, FreedomWorks Senior Economic Contributor, commented:
“These are blockbuster jobs and wage numbers for the month of December. For all the talk of the US economy heading towards a downturn, these job numbers fly right in the face of the naysayers. When counting the upward revisions, the economy added nearly 350,000 jobs and more than 400,000 new entrants into the workforce.
“The Trump economy is sizzling hot thanks to tax cuts and deregulation. Talk of a recession is absurd seeing as we have low unemployment, high growth and almost no inflation. All we need now is for the fed to stop raising interest rates, which would in turn accommodate prosperity and higher wages.“