Time: 9:11 p.m. CEST
The United States economy is on the way to grow 2.2 percent in the first quarter after the latest reports on jobs and international trade, Reuters reports on the base of the Atlanta Federal Reserve’s GDPNow forecast model showed on Friday.
Previously, the Labor Department published that non-farm payrolls grew by 242, 000 jobs last month and the unemployment rate stay at an eight-year low of 4,9 percent. Reuters explains, the Commerce Department said the trade deficit “increased 2.2 percent to $45.7 billion with exports dropping to a more than 5-1/2 year low.”
Hours after the numbers on jobs report, Obama told reporters at the Roosevelt Room at the White House that, “our businesses have created jobs every single month since I signed that job-killing Obamacare bill,” Obama said to reporters that “America’s pretty darn great right now and he said it proved Republican’s “doomsday rhetoric” is little more than “fantasy.” The White House streamed live the President Obama short talk to the media on their Facebook page.