Every sitting president gets a sneak peek at U.S. job numbers the day before the official report is released. It’s just a perk of the job. So when Donald Trump started tweeting yesterday about how impressed he was with the stock market, he seemed to be sending a subtle signal: the job numbers probably weren’t great.
As it turns out, they were worse than anyone expected. While projections showed the U.S. economy adding about 80,000 jobs in September, the Bureau of Labor Statistics reported this morning that the economy actually lost 33,000 jobs in September.
It’s important to emphasize that these totals were heavily affected by Hurricanes Harvey and Irma, which depressed hiring. That said, the new job numbers still fell short of low expectations. What’s more, the combined job totals from July and August were revised down, and that can’t be attributed to hurricanes.
This is the first time the U.S. …