Page 3 - aruba-today-20170204

A3
U.S. NEWS Saturday 4 February 2017

Trump on jobs report: ‘It’s going to continue, big league’

Protests at airports followed clarity, something that has thereby make the bureau-
the administration’s sus- eluded Trump so far. cracy less responsive.
pensions of travel from sev- He signed an executive or- “The order is extremely
en Muslim-majority coun- der Monday to streamline vague, and it could eas-
tries, prompting statements regulations by requiring ily lead to agency gridlock
of concern from such tech that agencies that adopt and regulatory uncertain-
giants as Amazon, Micro- a new rule must also elimi- ty,” said Richard Revesz,
soft and Uber. nate two existing rules. The director of the Institute
One of the challenges is executive order as written for Policy Integrity at New
that governance typically could leave agencies hesi- York University’s School of
depends on details and tant to cut any rules and Law.q

President Donald Trump signs an executive order in the Oval
Office of the White House in Washington, Friday, Feb. 3, 2017.
The executive order will direct the Treasury secretary to review
the 2010 Dodd-Frank financial oversight law, which reshaped
financial regulation after 2008-2009 crisis.
(AP Photo/Pablo Martinez Monsivais)

Continued from Front door.
Trump hasn’t enjoyed the
Trump has argued that ris- smoothest of policy roll-
ing confidence among outs in the two weeks since
employers and investors in his inauguration. The result
the past couple of months has been some uncertain-
stems from the widespread ty about the economy and
belief that he can deliver about the likelihood that
lower taxes, fewer regula- he can generate his prom-
tions and more good-pay- ised surge in hiring. He has
ing jobs, even for people pledged to add 25 million
without a college degree jobs over 10 years, which
or specialized training. translates into roughly
Few economists share the 208,000 new jobs each
extent of his optimism. month.
The U.S. unemployment Some of his perceived mis-
rate — which during the steps may eventually in-
campaign Trump branded crease skepticism about
a “hoax” — is already a other policies. His admin-
low 4.8 percent. To most istration’s spokesman, for
analysts, an unemploy- example, highlighted a
ment rate that low means border tax to help U.S.
that so many people who manufacturing and to fi-
want jobs already have nance a wall along the
them that eventually hiring Mexican border, only to
will slow naturally — a trend quickly backpedal on the
that’s usually beyond the issue and say the tax was
direct influence of a presi- an option.
dent. The president of Mexico
“It’s inevitable that the canceled a planned visit
pace of gains will slow be- to meet with Trump to dis-
cause there’s almost no cuss revisions to the North
one left to hire to put into American Free Trade
new jobs,” said Andrew Agreement, though the
Chamberlain, chief econ- two spoke by phone after-
omist at the jobs site Glass- ward.