jobs

Trump takes a victory lap as unemployment rate falls to 13.3 percent despite coronavirus lockdowns

[ad_1]

PRESIDENT Donald Trump took a victory lap Friday morning as government data showed the U.S. unemployment rate in May fell to 13.3 percent – a drop of 1.4 percent.

The U.S. Bureau of Labor Statistics said non-farm payroll employment rose by 2.5 million, with gains in leisure and hospitality, construction, education and health services and retail trade.

 A man walks out of unemployment offices during the coronavirus lockdown.

1

A man walks out of unemployment offices during the coronavirus lockdown.

“Really Big Jobs Report. Great going President Trump (kidding but true)!” Trump tweeted ahead of a 10 a.m. news conference on the jobs data.

The data paints an optimistic picture after several months of climbing unemployment amid the coronavirus pandemic and nationwide lockdowns that followed. But as several states have recently begun ramping back up after the shutdown, more Americans are able to get back to work.

The May data showed 2.1 million fewer people were unemployed, lowering the overall number to 21 million.



[ad_2]

READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more