Trump administration leaves room for uncertainty in economy, despite ‘very solid’ jobs report

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WASHINGTON, DC - JUNE 22: (AFP OUT) U.S President Donald Trump attends the American Leadership in Emerging Technology Event in the East Room of the White House June 22, 2017 in Washington, DC. (Photo by Olivier Douliery-Pool/Getty Images)

By Kevin Breuninger

A “very solid” jobs report for June justifies a sense of confidence in the economy, but questions surrounding the Trump administration’s policies leave the future less certain, economists say.

The economy created 222,000 nonfarm payrolls in June, the largest increase since February, while the unemployment rate stayed near historic lows at 4.4 percent, according to Friday’s report from the Bureau of Labor Statistics. The high number of jobs added beat a prediction by Thomson Reuters economists by more than 40,000 jobs.

“It’s a very solid report in terms of what it says about growth in the economy,” said Jan Hatzius, chief economist at Goldman Sachs.

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