The Trump Administration’s coordinated efforts to restore the American economy and create jobs has once again proven largely successful with a 3.8% unemployment rate and a stunning victory of 223,000 jobs being added in May alone.
<img src="https://media.8ch.net/file_store/05312a2008e7fc803b370dc4e8f82f0e69cc5b1eafaed9703ae98d99dc019241.jpg" style="max-height:640px;max-width:360px;">
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<span style="margin-top:15px;rgba(42,51,6,0.7);font-size:12px;">Credit: <a href="https://www.dol.gov/newsroom/releases/osec/osec20180601"> Department of Labor and Statistics.</a></span>
Economists had only predicted an estimated 190,000 jobs for the month of May, making President Trump's numbers an enormous victory for the American people.
<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">.<a href="https://twitter.com/SecretaryAcosta?ref_src=twsrc%5Etfw">@SecretaryAcosta</a>’s statement on May 2018 jobs report: <a href="https://t.co/A5BmqaAXVP">https://t.co/A5BmqaAXVP</a> <a href="https://t.co/sXuqYK8eRi">https://t.co/sXuqYK8eRi</a></p>— US Labor Department (@USDOL) <a href="https://twitter.com/USDOL/status/1002549263879032832?ref_src=twsrc%5Etfw">June 1, 2018</a></blockquote>
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The unemployment rate also dropped to its lowest levels since early 2000, down to 3.8% at a time of economic prosperity for the entire country.
U.S. Secretary of Labor Alexander Acosta issued the following statement regarding the May 2018 Employment Situation report:
“With the unemployment rate falling to 3.8% in May, the lowest in over 18 years, America’s job market remains strong. The unemployment rates for African-Americans and Asian-Americans reached record lows. Adult women and adult men recorded the lowest unemployment rates since 2000, at 3.3% and 3.5% respectively.
“With 223,000 jobs created in May, America’s job creators have now added over 3.4 million jobs since President Trump’s election. That job increase includes more than a million jobs since the President signed his tax cuts package into law five months ago.
“Wages continue to rise, although we want to see even more growth. As the President works to ensure all Americans can access good, family-sustaining jobs, we hope to see even more Americans join the labor force.”
Over the past 12 months, the number of long-term unemployed has declined by 476,000 Americans, showcasing that more people are working now than in the last two decades.
In May, retail trade added 31,000 jobs, with gains occurring in general merchandise stores (+13,000) and in building material and garden supply stores (+6,000).
Over the year, retail trade has added 125,000 jobs.
Employment in health care rose by 29,000 in May, about in line with the average monthly gain over the prior 12 months.
Ambulatory health care services added 18,000 jobs over the month, and employment in hospitals continued to trend up (+6,000).
Employment in construction continued on an upward trend in May (+25,000) and has risen by 286,000 over the past 12 months.
Within the industry, nonresidential specialty trade contractors added 15,000 jobs over the month.
Employment in professional and technical services continued to trend up in May (+23,000) and has risen by 206,000 over the year.
Transportation and warehousing added 19,000 jobs over the month and 156,000 over the year.
In May, job gains occurred in warehousing and storage (+7,000) and in couriers and messengers (+5,000).
Manufacturing employment continued to expand over the month (+18,000). Durable goods accounted for most of the change, including an increase of 6,000 jobs in machinery.
Manufacturing employment has risen by 259,000 over the year, with about three-fourths of the growth in durable goods industries.
Mining added 6,000 jobs in May. Since a recent low point in October 2016, employment in mining has grown by 91,000, with support activities for mining accounting for nearly all of the increase.
Having these fantastic numbers in the jobs market for minorities as well as females should be giving the President of the United States of America praise from civil rights organizations around the nation, where he's actually done more for minorities and women in less than two years than Barack Obama has done in eight, but as we well understand those organizations are connected to the same financiers of the Democratic Party.
It's tragic that a President who loves America this much isn't given the credit he duly deserves.
Thank you, President Trump.
Additional Sources or Relevant Information:
https://www.dol.gov/newsroom/releases/osec/osec20180601
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