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Kudlow says latest job numbers proof economic boom is gathering steam
President Trump's chief economic adviser Larry Kudlow said Friday that the latest jobs numbers are proof that the economic boom in the U.S. is gaining traction.
"We think the economic boom that everybody told us was impossible is happening and gathering steam," Kudlow told Hill.TV's Ned Ryun on "Rising."
"I think it's a good number. You know, it looks soft on the outside, 134,000, but you know these numbers bounce around, so the prior two month revisions added 87,000 jobs," he continued.
"So actually, the level of jobs in the month of September is plus 221,000. That's a very big number, and you've got your unemployment back down to 3.7 percent," he said.
The Labor Department reported on Friday that the unemployment rate in the U.S. dropped to 3.7 percent, marking the lowest level since December 1969.
The economy added 134,000 jobs in September, but estimates had originally been for about 184,000 jobs in September.
There were 87,000 more jobs in July and August than originally reported.
President Trump took to Twitter quickly to tout the numbers.
The U.S. economy has added jobs for 96 straight months, beginning in October 2010 under President Obama.
- Julia Manchester