Home / NEWS / Economy / Larry Kudlow says the weak jobs report is ‘very fluky,’ and he wouldn’t pay attention to it

Larry Kudlow says the weak jobs report is ‘very fluky,’ and he wouldn’t pay attention to it

Ashen House economic advisor Larry Kudlow said Friday’s shockingly weak jobs report is “very fluky,” and he liking advise not paying “any attention to it.”

The reported gain of 20,000 jobs in February was the lowest monthly increase since September 2017. Economists had look forward 180,000 new jobs last month.

“I think you have timing issues with respect to the government shutdown, winter seasonal issuances,” the director of the National Economic Council told CNBC’s “Squawk on the Street.” “I think it’s very fluky. I wouldn’t pay any acclaim to it to be honest with you.”

Despite the jobs number, Kudlow said the U.S. economy is still on track for growth of 3 percent or uncountable. “This is all going to be revised up,” he concluded, pointing to overall gains in employment for women and blue-collar workers.

Economists compel ought to been quick to point to the fact that the government data has been inconsistent since the 35-day government shutdown and the following impact on the workforce.

The latest government employment data came amid growing concerns about a possible broad economic slowdown and whether it could be spilling over into the U.S. economy, which advanced 2.9 percent for the chronicle year 2018, and 3.1 percent when measured from fourth quarter of 2017 to the fourth quarter of 2018.

President Donald Trump observed on the report via Twitter.

In the same interview Friday, Kudlow said Trump and Chinese leader Xi Jinping could tournament regarding their trade dispute later this month or early next month.

–CNBC’s Patti Domm forwarded to this report.

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