President Donald Trump on Friday celebrated the return of 2.5 million jobs to the U.S. economy in May, and went on the attack against Democrats as surveys show him trailing behind Joe Biden among voters in key states.
“We had a tremendous morning, a tremendous announcement,” Trump said in a previously unscheduled news conference at the White House, following the surprise jobs figures.
Read:U.S. regains 2.5 million jobs in May, unemployment falls to 13.3% in surprise BLS report.
The stronger-than-expected jobs report came as Trump lags presumptive Democratic presidential nominee Biden in polls nationally and in key swing states, such as Florida and Wisconsin. With the U.S. reeling from both the coronavirus pandemic and violent protests in the wake of the death of George Floyd, while in Minneapolis policy custody, Biden has sharpened his rhetoric against Trump as the former vice president aims to capture the White House in November.
Without naming Biden, Trump said only policies, such as raising taxes and a Green New Deal could halt a full economic rebound, predicting: “I think we’re going to be back higher next year than ever before.”
With the unemployment rate still at more than 13%, Democrats said Trump is celebrating too soon.
“Trump says he is joyous? Families are struggling, hospitals are overwhelmed, businesses have shut down for good, and Americans are dying every day — all of this was preventable,” said Democratic National Committee Chairman Tom Perez in a statement.
The Trump administration and congressional Democrats have been locked in a fierce debate about what form any further stimulus should take as the country gradually reopens from coronavirus lockdowns. House Democrats approved a $3.5 trillion bill that includes another round of payments to Americans and about $1 trillion in aid to state and local governments.
But Trump’s advisers have stressed the need for other policies, including tax cuts and regulatory relief. Bloomberg News reported, meanwhile, that the administration is considering a $1 trillion package that could include funds for infrastructure.
Now read:Next coronavirus aid package to pass Congress by late July, analysts say.
U.S. stocks DJIA, +3.36% surged Friday in the wake of the jobs and unemployment numbers.
Market Snapshot:Dow surges 700 points after jobs report shows surprise jump in payrolls.
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