Economist flags troubling signs in Trump's economy: 'Shouldn't be so excited'
A prominent economist on Thursday warned that President Donald Trump's economy has raised some concerns. Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jo. . .
HomeTrumpU. S. NewsWorldScienceVideoInvestigationsEthics PolicyAbout UsNicole Charky-ChamiNicole Charky-Chami is a senior editor based in Los Angeles, writing and producing breaking news. She teaches journalism courses for UCLA Extension and previously taught at Loyola Marymount University. She has worked with the Los Angeles Times and Times Community News, Maria Shriver, Vertical Networks, attn:, Patch and City News Service. She is a Southern California native and Loyola University Chicago graduate. See Full BioJustin Wolfers, an economics and public policy professor at the University of Michigan, suggested that the economy has signs of trouble after a new Department of Labor report released on Thursday, July 2. (CNN/Screenshot)A prominent economist on Thursday warned that President Donald Trump'seconomyhas raised some concerns. Justin Wolfers, an economics and public policy professor at the University of Michigan, responded to a new report from the Department of Labor, which indicated the United States has added fewer jobs in June — just 57,000 jobs that month. "Each month we just learn a little bit more about the economy," Wolfers said. "We've seen a few really, really good months, and it was a 'yabba dabba doo' moment. I was very excited. And what we see here is maybe we shouldn't be so excited. This is an economy that is not as hot as we might have thought a month ago. It's also not an economy that's sinking by any means — it's treading water; it's doing OK. Let's cross our fingers and try not to do anything wrong, and hopefully we'll keep it. "For instance, Wolfers noted that the latest data showed there has been a decline inleisure and hospitality hiringat a time when several U. S. cities are hosting the World Cup, which he described as a "double whammy" for the economy. He also argued that every industry outside of healthcare showed signs of shrinking. For customer support contactsupport@rawstory. com. Report typos and corrections tocorrections@rawstory. com. Stories Chosen For You{{ post. roar_specific_data. api_data. analytics }}