White House on jobs: ‘The numbers are going to slow’ but we’re in a ‘durable recovery’

After the Labor Department released the August jobs report on Friday, White House advisors fanned out to argue that the V-shaped recovery was still happening. “I think we're in a V-shaped recovery,” White House economic advisor Larry Kudlow told reporters. Joseph LaVorgna, chief economist of the National Economic Council, described it on Yahoo Finance as “a super V-shaped recovery,” and suggested the White House believes an economic recovery could last well into 2021. "Sure, the numbers are going to slow,” LaVorgna said in an interview with Yahoo Finance, but he quickly ticked off positive trends he sees in the home, retail, autos, housing, and manufacturing markets. The collective data...