tellar job numbers released Friday won’t mean much to the average American family because of other GOP policies, Senate Minority Leader Chuck Schumer, D-N.Y., said.
Schumer, in a statement released hours after the Labor Department reported employers added 250,000 jobs in October, more than 30 percent higher than expected. He acknowledged the numbers “may look good,” but said they “coexist” with GOP tax cuts that are increasing the deficit. He also warned Republicans will end Obamacare.
[Opinion: Another booming quarter, and even Democrats can't complain about the economy]
“The latest jobs numbers may look good but we must not forget they coexist with a huge deficit-ballooning GOP tax break that went mainly to the wealthy for which we will pay a price for down the road,” Schumer said. “When the average family sees their health care costs go up because of Republican actions, these numbers will mean little.”
U.S. employers added 250,000 workers in October, the last month before the midterm elections. Incumbent Republicans have pinned their campaigns in part to the success of President Trump's economic policies.
Unemployment held steady at the 3.7 percent reached the month before, the Labor Department said in a statement Friday, the lowest since December 1969. The payroll expansion was 32 percent higher than the average estimate of 190,000 from economists surveyed by FactSet, and compared with revised growth of 118,000 a month before.
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