Donald Trump's economic adviser Friday slammed reports of the nation's unemployment rate falling to 4.6 percent — the lowest in nine years after labor participation dropped for the second month — as a rallying cry for the president-elect's "America First" agenda.
"The November jobs report showing a decline in the labor force participation rate further demonstrates an urgent need for President-elect Trump's America First economic plan," said Peter Navarro, who advises the president-elect on economic issues. "We have not seen levels this low since 1978.
"The 4,000 manufacturing jobs that disappeared last month come on top of the over 300,000 that have been lost under President [Barack] Obama."
The Labor Department reported Friday that unemployment fell 0.3 percentage point, to 4.6 percent, though employers added 178,000 jobs last month.
The November job gains followed a 142,000 increase in October that was less than previously estimated.
Navarro cited Trump's involvement to keep the Carrier air-conditioner manufacturing plant — and more than 1,000 jobs — in Indiana as an example of the president-elect's "agenda of prosperity for all."
"Even before taking office, President-elect Trump has proven that protecting and creating jobs will be among his highest priorities as president," he said. "His determination to save 1,000 Carrier manufacturing jobs in Indiana announced this week is just a preview of his agenda of prosperity for all."
He added that Trump's planned nominations of former Goldman Sachs partner Steve Mnuchin for Treasury Secretary and billionaire investor Wilbur Ross for the Commerce Secretary "signal a seismic and transformative shift in trade policy — one that works for American workers and domestic manufacturers, not for the multinational corporations shipping jobs offshore."
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