Jobs announcement proves US economy roaring back

Commenting on the US jobs report, which showed an increase of 4.8 million in Nonfarm Payrolls in June, US President Donald Trump said that this data is proof that the US economy is roaring back.

“These are historic numbers,” Trump added and noted that he thinks that they are going to continue to have good numbers in coming months.

Meanwhile, White House economic adviser Larry Kudlow acknowledged that there are still a lot of hardships in the job market. “We are well-positioned and we have a lot more work to do on economic recovery,” Kudlow added.

Market reaction

The US Dollar Index edged lower in the last minutes and was last seen losing 0.17% on a daily basis at 96.98.

Read More