U.S. economists are scratching their heads after President Donald Trump fired off a bizarre tweet about a “blowout” 303,000 jobs figure — minutes after an official government report said the economy added 128,000 jobs in October.
“Wow, a blowout JOBS number just out, adjusted for revisions and the General Motors strike, 303,000. This is far greater than expectations. USA ROCKS!” Trump tweeted on Friday.
It’s unclear how Trump calculated the vastly larger jobs gain, or where he obtained that analysis.
Economists say Trump’s calculations do not paint an accurate picture of an already-strong labor market.
“Those were wildly inaccurate,” said Joseph Brusuelas, chief U.S. economist at audit and accounting firm RSM. “This is what we’d call ‘fake data.’”
Trump’s tweet about the jobs report also raised eyebrows because it violated the one-hour ban on White House commentary on sensitive economic data. Trump tweeted his praise for the report at 8:52 a.m., just more than 20 minutes after the jobs report was released.