Payroll surge: US Employers added 223,000 jobs in May

[Teh One Who Knocks]

Paul Davidson, USA TODAY


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U.S. hiring rebounded in May after two months of lackluster gains as employers added 223,00 jobs and the labor market continued to defy widespread worker shortages and global economic troubles.

The unemployment rate fell from 3.9% to 3.8%, a new 18-year low, the Labor Department said Friday.

Economists surveyed by Bloomberg expected 190,000 job gains.

President Trump suggested the report would be strong early this morning. At 7:21 a.m., he tweeted,"Looking forward to seeing the employment numbers at 8:30 this morning."

Snowstorms and cold weather curtailed job growth in both March and April, according to Goldman Sachs. Milder temperatures were expected to bolster hiring in May.

Economists said another tepid showing could indicate that the low unemployment rate is making it even harder for employers to find workers.

Also, political turmoil in Italy has roiled markets and is likely to modestly dampen economic growth in the euro area, according to Nomura. Manufacturers that depend on overseas sales could pull back on hiring in response to both the weakness abroad and U.S. trade fights with other nations.

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Amazon is holding a giant job fair and plans to offer thousands of jobs at nearly a dozen U.S. warehouses. Nearly
40,000 of the 50,000 packing, sorting and shipping jobs will be full time. (AP)

[PorkChopSandwiches]

#MAGA

[Teh One Who Knocks]

#MAGA

:hand:


Pelosi Downplays Positive Jobs Report: 'Strong Employment Numbers Mean Little'
FOX News


Despite fears of a global trade war, U.S. unemployment numbers hit an 18-year low in May.

Businesses added 223,000 jobs in May, up from 159,000 in April, driving the unemployment rate to 3.8 percent.

For women, unemployment fell to 3.6 percent, the lowest since 1953. For black Americans, it hit a record low of 5.9 percent.

Nancy Pelosi, however, is not impressed.

“May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch,” the House Minority Leader wrote in a statement on Friday.

Pelosi argued that Republicans' "cruel, cynical health care sabotage campaign" is spiking families’ premiums by double digits and the "GOP tax scam" is enriching Big Pharma executives and shareholders instead of lowering prescription drug costs for seniors and sick children.

“Democrats know that the American people deserve A Better Deal, with Better Jobs, Better Wages and a Better Future. We are committed to creating millions of new good-paying jobs and raising wages, lowering the soaring cost of living for families and giving every American the tools to succeed in the 21st Century economy,” Pelosi wrote. “Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation.”

On "Fox & Friends," Stuart Varney said Pelosi's downplaying of the positive unemployment numbers is a sign of desperation.

"The Democrats do not have a growth plan. They don't have one. So they have to criticize the president's growth plan because it is working," Varney said.

[PorkChopSandwiches]

This idiot on FB was arguing these numbers were due to all the hard work Obama had done....I had to bite my tongue

[Teh One Who Knocks]

Yeah, 18 months into Trump's presidency, but the good numbers are still clearly the work of Obama. :suicide:

[lost in melb.]

Yeah, 18 months into Trump's presidency, but the good numbers are still clearly the work of Obama. :suicide:

Ok, so if these great numbers are due to Trump, then Bill Clinton's great numbers were due to Bill Clinton. Deal?