Trump says jobs report proves USA economy 'roaring back'

Andrew Cummings
July 3, 2020

From March 15 through June 27, labor officials said the department has paid $957 million in benefits.

Despite the swelling loads of new cases, Trump said he expected to see good employment numbers in the coming months and that the third quarter gross domestic product report, due days before the November presidential election, would also be strong. As many states renege on reopening plans amid a resurgence of the Covid-19 virus, June still marks the second consecutive month of economic growth after the Covid-19 epidemic plunged Americans into the steepest jobs decline since 1939.

The Labor Department says the jobless rate was 11.1 percent.

He said when added to the May figure, the total now stood at a record 700,000 new jobs for African Americans in two months. President Trump also drew attention to the 356,000 manufacturing jobs added in June, during Thursday's press briefing.

"The important thing to remember is that these numbers, the monthly jobs report numbers, are from several weeks ago so they do not capture the reclosings that are happening in California, Arizona, Texas, Florida and other states", he said. "It's 7.5 million jobs created in the last two months alone". The New York Times forecasted a similarly low number, and suggested that the unemployment rate would stay about 12 percent.

The number of permanent job losers continued to rise, increasing by 588,000 to 2.9 million in June.

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