Trump unleashes on media in 'unhinged' press conference
- Author: Leroy Wright Feb 18, 2017,
Feb 18, 2017, 13:23
"To be honest, I inherited a mess. Democrats screwed things up royally". However, he inherited a mess?
By contrast, the narrowest jobless measure doesn't count someone as "unemployed" until they've been out of work for more than 15 weeks. "I think they have lower-I heard lower than Congress". We're going to take care of it all.
Now, the continued demand for workers to fill new positions is finally pushing wages higher, says Jim O'Sullivan, chief US economist at High Frequency Economics.
Asked about recent reports that Mike Flynn, his former National Security Adviser (NSA) who resigned on Monday evening, had improperly discussed Russian sanctions with the Russian ambassador to the U.S. before Trump was sworn in, the President defended Flynn as a "fine person", saying he had done nothing wrong in engaging the Russian envoy.
A separate, less well-known measure of hiring, the Job Openings and Labor Turnover Survey, known as JOLTS, offers further evidence of that the economy is creating new jobs at a healthy clip.
"I have never seen more dishonest media, frankly than the political media", Trump said, later slamming leaks to the press from the intelligence community - some of which led to the resignation of National Security Adviser Michael Flynn. But these experts argue that the American market does not have a job scarcity problem, but instead suffers from a lack of skills from the market. According to Jim O' Sullivan, chief USA economist at High Frequency Economics, the high demand for skilled workers has spurred a wage increase.
"The trend in employment growth remains more than strong enough to keep the unemployment rate trending down and adding to upward pressure on wage gains", he said in a recent note to clients. Those with college degrees have only filled 5 million new jobs, while those with a high school diploma or less compete for 4 million jobs.
"I own nothing in Russia, I have no loans in Russia, I don't have any deals in Russia", Trump said.
No one would dispute the fact that, almost a decade after the worst economic downturn since the 1930s, millions of American households are still suffering the financial impact.
Trump's bleak description of the economy is reminiscent of his Inaugural address where he talked about "American carnage".
This is not the first time when Trump has bashed the United States media.
In 2009, President Obama complained about the job losses that welcomed him after he took over from President Bush.
Trump derisively referred to that stupid plastic button that made us all look like jerks, a reference to the red "reset" button that Clinton presented to the Russian foreign minister early in the Obama administration.
By no metric can what Trump inherited by objectively defined as a mess.