Today Andy joined Mornings with Maria to discuss the Bureau of Labor Statistics May jobs report and the Trump economy. When asked how Andy interpreted last month’s report, he reinforced what he said in this recent op-ed, “No, the May jobs report does not mean the Trump economy is on the brink” and noted that even though the U.S. economy added fewer new jobs than experts expected last month, the unemployment rate is still at a 50-year low of 3.6% and the economy remains strong.
Next, Andy was asked if President Trump should work on ensuring a stable economy in order to get re-elected rather than focusing on tariffs and trade deals that could ultimately lead to business uncertainty. Andy argued that Trump’s attention should remain on economic growth, but also notes that we have a leader that looks at America’s long-term issues and will do what is best for the country with respect to Mexico and China.
In closing, Andy was asked about the state of enthusiasm among consumers given the current uncertainty in the economy. “Long-term, what I’m hearing from other business leaders is that they’re expecting consumer spending to continue to grow and accelerate…it may be down month to month but overall I think you’d expect an increase,” Andy said.
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