The economy gained a whopping 224,000 jobs in the month of June, beating expectations of 150,000 and continuing a generally robust hiring pace that has brought Americans off the sidelines and into the workforce at the highest rate since 1969.The latest monthly employment report, released Friday by the Bureau of Labor Statistics, was hotly anticipated by Wall Street.
Last month's BLS report revealed just 75,000 jobs were added to the economy in May, far below expectations of 165,000. That number was revised Friday to an even lower 72,000. In addition, April's figure was revised down to 216,000 job gains, versus 224,000. Earlier this week, ADP's private payroll report showed just 102,000 jobs added for June, versus 140,000 predicted. In addition, manufacturing numbers for last month indicated a slowdown in production, likely related to the imposition of tariffs, and May import prices fell by the most in five months.after ADP's data was released on Wednesday, with all three indices closing at new highs.
President Donald Trump has repeatedly touted the strong economy as one of the successes of his presidency and believes a rate cut would drive up the value of the stock market, calling the Fed"loco" for hiking the rate four times last year. Former Fed Chair Janet Yellen hiked rates three times in 2017; Trump replaced her at the end of her four-year term
An Obama initiative right?!😂😂😂
Why is this breaking news A recent report also stated that 40% of Americans are living pay check to pay check and another report found that many African Americans are struggling economically? Why?
Right now the economy is shiny on the surface and very weak supports beneath so any new ripples to economy can see it crashing down
But, but, but..... OrangeManBad!
Hard to argue with this.
Obama gets 8 years of ZIRP from a Fed that pumps trillions into the economy and you guys salute him like he's some kind of hero. Guess who Obama directed those trillions? NOT YOU! Your purchasing power declined and savings rate were zilch. But OrangeManBad.
Thanks Obama
All the people saying thanks Obama, either way this is all Trump. Liberals said the market would crash and jobs would be lost the first day in office!! And if the wages are the same why didn’t these people get second jobs during Obama? ... there were none
It really doesn't matter how many jobs were added. What matters is wages and income inequality.
In which industries? Are these 2nd and 3rd jobs?
MeetThePress God Bless our President
Yes they are jobs. Could be at McDonald’s? Could be at Amazon? Could be at Walmart? Could be in many tech fields? Could be lawyers? Or could be PoliticalPrivilege jobs? The fact is, jobs were created. So stop drinking the BiasByDesign Kool-Aid developed by the MSMCult 😎
MeetThePress Viva Trump!
Anyone thanking Obama for the Trump economy has no understanding of basic economics. The poor 1.8% GDP in Obama’s 8th and final year did NOTHING to spur today’s economic growth.
Why use a photo of house being built? There isnt any depth to the job seekers in that sector, they all have been deported or cant come back on Visa.
How many part time? 220k
220k part time jobs with no insurance
Living wage jobs?
Census jobs added 33,000
Probably second or third jobs. Can someone find out?
Perhaps if you had aired the 4th celebration in Washington last night, we'd care what you have to say.
Where? Walmart?
Great. Now I can get two of them because these jobs pay garbage.
Too bad we can no longer believe government statistics. Sad.
MeetThePress I know three people who got new jobs in June! Great! Of course, they were second jobs because they can't afford to live with just their 'main' job, but hey...details.
MeetThePress Where...at McDonalds? How many are legitimate good paying jobs? How many lost their jobs? That’s what should be reported.
What I like to know where are these jobs at most of my fast food. It is all in our area is we've heard of store closings and layoffs a
MeetThePress Thanks Obama for being able to turn around the economy in 2009 and start us on this great recovery. Just holding our breath to see how long before Trump administration blows it.
And fake news cant stand it
MeetThePress It will be revised lower soon!
All the 'thanks Obama' posters are the same numbskulls who were still blaming Bush 43 for the sluggish economy well into Obama's second term.
Thanks Obama
How many were summer jobs?
MeetThePress
That's what happens when people have to start working 2 and 3 jobs just to get by each month.
Winning! Latinos for Trump! Aaaeerrreee!
“You’re Welcome.” 😘🇺🇸🤘🏼Trump2020
How will the Dems and the media spin this?
Plus many stock market records!! Wow!
Living wage? Full time? Benefits? Retirement or pension?
thanks obama!
Adding low-wage toilers working for less than minimum salary is something to be ashamed of.
Don't forget wage growth up 3.1%.
Trump2020
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