Trump aide on jobs report: ‘The Clinton-Obama economy is failing’

Donald Trump’s presidential campaign on Friday slammed the new jobs report as proof neither President Obama nor Hillary Clinton can improve the economy.

“Today’s weak September jobs report confirmed what people feel — that the Clinton-Obama economy is failing them,” senior economic adviser David Malpass said in a statement.

{mosads}“Americans desperately need more jobs and new economic policies, not the same-old, same-old offered by the Clinton campaign.

“Lower taxes and regulatory reform under the leadership of President Trump will bring back earnings trapped abroad and will create the jobs that families deserve.”

The U.S. economy added 156,000 jobs in September, according to a Labor Department report released Friday, while the unemployment rate rose slightly, from 4.9 percent to 5 percent.

72…

As in 72 consecutive months of job growth, by far the longest streak in history. #MakeAmericaGreatAgain pic.twitter.com/Z3nXbwOrcT

— Charlie Bilello, CMT (@MktOutperform) October 7, 2016

Malpass said the job growth is not fast enough to create prosperity.

“The report shows a troubling long-term trend: after seven hard years of the Clinton-Obama administration their policies still can’t produce better-paying jobs and upward mobility,” he said. “Average wages rose only six cents in September and are barely keeping up with inflation.

“Almost a third of the jobs added in September — 51,000 jobs — are low-paying service jobs in sectors such as retail and restaurants that won’t support a family, pay for a home or put children through college.”

Malpass disputed Clinton and Obama’s argument that the economy is improving.

“The ‘recovery’ is seven years of policy failure on virtually every significant metric — growth, income, trade and jobs. Four more years of Clinton-Obama policies would mean four more years of mediocrity or worse for American workers.”

The next jobs report will be released just days before the November presidential election.

Trump, the GOP’s presidential nominee, says his business background will help him steer the economy toward more growth. 

Clinton, the Democratic nominee, has touted gains in the economy but says there is more work to do.