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The economy is on everyone's mind this week fears about a possible recession continues to capture headlines. 500,000 fewer jobs were created than initially reported.
Earlier Reports Claimed The Economy added about 230,000 jobs in the month of March 2018 and April 2019. The new numbers are being added.
Those updated figures are based on the state unemployment insurance records. The original data came from surveys of hundreds of thousands of work sites.
Still, levels of unemployment are at historic lows.
"We have almost eight million more jobs than we do, we have the lowest unemployment rate in 50 years, the lowest inflation rate in 50 years, and the highest wage gains in 20 years. In fact, that sounds like a blockbuster economy, Stephen Moore economist told CBN News.
Despite fears of a future economic downturn, Trump is getting some decent approval from voters on his handling of the economy.
A new poll by the Associated Press and the NORC Center for Public Affairs Research shows Trump's overall support at 36 percent, but it has a 46 percent approval rating on its handling of the economy.
Mandi Mitchell, a 38-year-old registered Democrat from North Carolina offered a mixed review of Trump. She says, "Our unemployment rate has definitely dropped." She may be voting for Trump in 2020. "I'm not going to be too hard on him.
Other voters say even if the economy is well, they're more upset with the way he talks. John Sollenberger, 67, of Philadelphia, says he left the GOP and became an independent because of Trump. "He foments discontent with so many people it does not matter what the economy's doing really."
Meanwhile, the tariff showdown with China continues to weigh on the minds of some investors.
China appealed to Washington on Thursday to "meet each other halfway" and settle a trade war instead of going ahead with planned tariffs Beijing warned will trigger retaliation.
Even though talk of trade wars and the economy has some economists and politicians saying the US will for President Trump's strong booth, FreedomWorks economist Stephen Moore believes China will take the hit and the economy is really going to be okay.
"Has the economy hit a few bumps in the road? Absolutely yes," Moore says, pointing to the trade war with China specifically. "This is probably going to be the economy, but not enough to send the economy into recession.
"The trade war has hurt the United States, but it's clobbered China," he said. China is moving to Vietnam, India, Singapore to avoid the tariffs, China is getting hit hard and hopefully they will come to their senses. "
The United States has imposed 25% tariffs on $ 250 billion of Chinese products. Beijing retaliated with its own penalties on $ 110 billion from the United States.
US and Chinese negotiators are due to meet in Washington.
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