Democrats are sticking to their skepticism about President Donald Trump’s performance on the economy, blasting the country’s "unaffordability" even as the reporting from January exceeded expectations on inflation and the job market.
January’s inflation report, released by the Bureau of Labor Statistics, showed just a 2.5% increase in prices over last year — a number that inches the economy closer to the Federal Reserve’s target of 2%.
Similarly, the U.S. jobs report for last month showed that the economy added 130,000 jobs, beating out projections from forecasters like Reuters, Oxford University and Bloomberg.
Many predictions had estimated the U.S. would add just 50,000 to 75,000 in January.
