Kudlow Says U.S. ‘Killing It on the Economy’

The White House took a victory lap Friday after the Labor Department posted a strong jobs report, The Hill reported.

“Wow, low unemployment, high jobs, high wages, big consumer confidence, major productivity, and no inflation! It’s totally awesome, we’re killing it on the economy,” White House economic adviser Larry Kudlow said in a video posted to Twitter.

The Labor Department reported that the U.S. economy added 263,000 jobs in April, far exceeding economists’ expectations of a gain of 190,000.

The unemployment rate also dropped to 3.6 percent from 3.8 percent in the past month and average hourly earnings rose 3.2 percent in the past year. 

The report is a boon to President Trump, who hopes to campaign on a strong economy in his reelection bid next year.

While wage growth has continued to climb, earnings have grown at a much slower pace than the decline in unemployment.

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