The New York Times made a big admission about President Donald Trump’s economy on Friday: the job numbers are so good, they are running out of words to describe them.
A headline on the Times currently reads, "We Ran Out of Words to Describe How Good the Jobs Numbers Are."
So just how good are the latest job numbers under Trump?
The United States economy continued its expansion in May, adding 223,000 jobs. The unemployment rate dropped to 3.8 percent, the lowest its been in 18 years. Further, black unemployment fell to 5.9 percent in May, which is the lowest its been since the government started tracking the data in 1972.
Further, the New York Times used the words "salubrious,” “salutary” and “healthy” to describe "the 0.3 percent rise in average hourly earnings, which are up 2.7 percent over the last year — a nice improvement but also not the kind of sharp increase that might lead the Federal Reserve to rethink its cautious path of interest rate increases."
No wonder the New York Times is having a hard time coming up with synonyms for "good." Still, the writer admits that "some of the thesaurus offerings don’t really do these numbers justice."
President Trump seemed to know his job numbers were going to be incredibly strong as he suggested as much in an early morning tweet.
"Looking forward to seeing the employment numbers at 8:30 this morning," he tweeted.
This is how the market reacted:
Is anyone tired of winning yet?
Featured image credit: Evan El-Amin/Shutterstock.com