America Is Bouncing Back

 

Many Experts Expected Job Losses To Peak This Month, But Thanks To President Trump’s Economic Leadership America Is Getting Back To Work

_____________­­____________­__

TODAY THE U.S. ECONOMY REPORTED ITS LARGEST ONE-MONTH JOBS GAIN IN HISTORY DEFYING GRIM FORECASTS

Economist were bracing for another “ devastating blow ” in May, as economists predicted the U.S. would lose another 8.5 million jobs.

But due to President Trump’s efforts to save jobs and reopen the economy, the U.S. labor market added 2.5 million jobs in May, including 225,000 manufacturing jobs and 464,000 construction jobs.

The May jobs gain was the biggest one-month jobs surge in U.S. history

A significant share of these gains went to minorities with African Americans adding nearly 300,000 new jobs and Hispanic Americans adding more than 650,000 new jobs.

TODAY’S REPORT SHOWED THAT PRESIDENT TRUMP’S EFFORTS TO JUMPSTART THE ECONOMY HAVE ACCELERATED RECOVERY AND PUT AMERICANS BACK TO WORK

Many experts expected job losses to continue, but thanks to President Trump’s leadership the worst of the economic crisis caused by coronavirus may be behind us.

May’s numbers showed the U.S. “ may well be on the road to recovery ” after its fastest plunge in history.

Economists say that the turnaround was a result of reopening efforts pushed by President Trump and the successful Paycheck Protection Program .

The Washington Post’s Heather Long : “PPP loans did help bring workers back.”

Fox Business : The PPP Program “Was key to this quick rebound.”

Tony Bedikian , head of global markets at Citizens Bank: “the overall U.S. economy may have turned a corner, as evidenced by the surprise job gains today.”

Fox Business’ Stuart Varney : “The recovery is obviously a lot stronger & faster than anyone thought.”

THE “AMAZING” REPORT DREW WIDESPREAD PRAISE

CNBC hailed this morning’s jobs report as “ great news,” noting that lifting the lockdown orders clearly had an impact.

Fox Business’ Edward Lawrence : “This is an amazing job report.”

NBC News on today’s jobs report: “Wow,” “much better than expected.”

CNBC Headline: “May Sees Biggest Jobs Increase Ever Of 2.5 Million As Economy Starts To Recover From Coronavirus.”

Business Insider Headline: “U.S. Shocks Economists By Adding 2.5 Million Jobs In May As Unemployment Declines To 13.3%.”

NBC News Headline: “Unemployment Rate Falls To 13.3 Percent As Economy Gains Surprise 2.5 Million Jobs Despite Coronavirus.”

CNN Headline: “America's Unemployment Rate Falls To 13.3% As Economy Posts Surprise Job Gains.”

The Washington Post Headline: “Unemployment Rate Drops To 13 Percent, As The Economy Picked Up Jobs As States Reopened.”

The Hill Headline: “In Surprise, Unemployment Rate Falls, Economy Adds Jobs.”

Fox Business Headline: “Unemployment Rate Drops To 13.3% In May, Signaling Return Of US jobs.”

NPR Headline: “May Surprise: U.S. Adds 2.5 Million Jobs As Unemployment Dips To 13.3%.”

_____________­­____________­__

---

Economy Jobs, Wages and Unemployment Read more research