The Wall Street Journal's conservative editorial board bashed President Donald Trump's favorite economic policy on Tuesday after the Bureau of Labor Statistics released its latest job market update.
The latest data showed that the economy created 64,000 net new jobs in November following a decline of 105,000 in October. The Journal's editors noted in a new editorial that the figure "sounds worse than it is because the net jobs decline was all in government jobs."
But one figure was conspicuously absent from the data, according to the editorial. The economy continued to lose manufacturing jobs, including 19,000 over the last three months. Trump has repeatedly claimed his signature tariff policy would create a resurgence in manufacturing jobs.
"Some renaissance," the editorial reads in part.
"If Mr. Trump wants a manufacturing revival, he’ll drop his border taxes and let his other tax policies help hiring and investment," it added.
Trump's tariff policies have raised more than $20 billion in revenue since he took office, according to reports, compared to Trump's claims that the tariffs have brought in "trillions" in revenue. The administration has considered sending Americans checks from the tariff revenue.
