Trump denigrates the media after the bleak report of August jobs

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President TrumpJerry Moran continues: "I would not be surprised" if Pompeo appeared before the Senate in Kansas. The Hill's Report 12:30: Trump doubles Dorian's threat to Alabama MORE The media went on a rampage Friday against the press after the publication of a report on the job in August damning, accusing journalists of stirring up concern over a possible recession.

"The economy is excellent. The only thing that adds to "uncertainty" is the Fake News! Trump wrote Friday, a few hours after the Bureau of Labor Statistics published a jobs report released in August that was below expectations.

The US economy created 130,000 jobs in August, of which 25,000 were hired for short-term jobs for the 2020 Census in the United States. While the unemployment rate remained stable at 3.7%, job gains in August were well below economists' estimates of between 145,000 and 160,000 new jobs.

The August jobs report is the latest sign that growth in the US economy is starting to slow after more than a decade of steady expansion. Economists say that if the country creates enough jobs to avoid a recession at the moment, a generalized global slowdown poses serious risks for the United States.

Trump's growing trade war with China, slowing global growth and several geopolitical stressors have weighed on a resilient US economy. Both countries are expected to resume trade negotiations next month.

Trump also tweeted Friday about China, saying: "Billions are flocking to the US Targeted patriotic farmers are harvesting huge sums of money on incoming fares!" Many jobs, no inflation ( Fed) China has had the worst year in decades, discussions are taking place, it's good for everyone! "

While the labor market and consumer spending remain strong, US business investment and growth in trade-sensitive sectors have fallen as a result of lower overseas sales, higher costs for imported products, and the uncertainty surrounding the global outlook.

"As this report erases, we expect the US economy to continue to grow in the coming months, but the risks of recession are increased," said analyst Mark Hamrick. Chief Economist at Bankrate.com.

"To a certain extent, this is part of the natural progression of the economy, but there is no doubt that the risks have been exacerbated by trade tensions, tariffs and the weakness of the economy. World. "

Trump, who faces a political danger if a recession begins before the 2020 presidential election, has attempted to muddy the talks about a slowdown. He accused the Democrats of sabotaging the economy to undermine his reelection and to regularly criticize the press for reporting on gloomy economic forecasts.

Trump has also stepped up its attacks against the Federal Reserve, seeking more stimulus to revive the economy. The president tore up the central bank for failing to match the negative interest rates of European countries, even as the US economy grew.

"The Fed should lower rates. They were way too early to increase, and far too late to cut back – and a high dose quantitative tightening did not really help either, "Trump said tweet Friday.

"Where did I find this guy, Jerome? Oh well, you can not win them all! Added Trump, referring to Fed Chairman Jerome Powell, whom the president has appointed to head the central bank in 2017.

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