President Trump discusses US jobs numbers here – streamed live on Fox News yesterday:
The June Jobs report – released by the Bureau of Labor Statistics – was based on surveys conducted from June 7 to June 13. Here are some highlights:
1. The economy added almost 5 million jobs in the month of June shattering all expectations
To be specific 4.8 million jobs were added and this it the most on record going back to 1939
2. This is the largest monthly jobs gain in the history of the USA
3. The unemployment rate fell by more than 2%, it fell from 13.3% all the way down to 11.1%
However, this is still the 3rd highest on record
4. The economy has recovered a third of all jobs lost in March and April
In March and April the economy lost 22.1 million jobs combined
In May and June, the economy added 7.5 million jobs combined
5. June – African American unemployment fell from 16.8% to 15.4%
June – Hispanic unemployment fell from 17.6% to 14.5%
Labor Force Participation also increased by almost 1%
