The US economy continued to roar back to life in June following the nationwide Coronavirus shutdown; adding nearly 5 million positions as the unemployment rate fell to 11.1%.
“Our economy is roaring back,” Trump declared Thursday, saying the response to the coronavirus pandemic, coordinated with governors, is “working out very well.”
He added: “These are historic numbers.”
“The United States economy added almost 5 million jobs in the month of June, shattering all expectations,” Trump said. “The stock market is doing extremely well … this is the largest monthly jobs gain in the history of our country.”
“Nonfarm payrolls soared by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday,” reports CNBC. “Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth holiday.”
“Today’s announcement proves that our economy is roaring back. It’s coming back extremely strong,” President Donald Trump said.
“The 4.8 million rise in non-farm payrolls in June provides further confirmation that the initial economic rebound has been far faster than we and most others anticipated,” said Michael Pearce, senior U.S. economist at Capital Economics. “But that still leaves employment 9.6% below its February level and with the spread of the virus accelerating again, we expect the recovery from here will be a lot bumpier and job gains far slower on average.”
Read the full report at Fox News.
BIG APPLE BREAKDOWN: Bill De Blasio’s Daughter, 25, Arrested During Manhattan Protest for Blocking Traffic
New York Mayor Bill de Blasio’s daughter was one of hundreds of demonstrators arrested over the weekend; reportedly taken into custody for blocking traffic during a protest in Manhattan Saturday night.
Chiara de Blasio is one of the nearly 790 people who have been arrested in New York City since protests over the death of George Floyd began last week https://t.co/UusGs3188p
— TIME (@TIME) June 1, 2020
New York Mayor Bill de Blasio's daughter, Chiara, was arrested around 10:30 p.m. on Saturday near Union Square in Manhattan, a police official said.
Follow live updates of the protests in New York: https://t.co/Bo6wZQfwRq
— The New York Times (@nytimes) June 1, 2020
“New York Mayor Bill de Blasio’s daughter, Chiara, was arrested around 10:30 p.m. on Saturday near Union Square in Manhattan, a police official said,” reports the New York Times.
“She had allegedly been blocking traffic on Broadway and was arrested after refusing to move, the source said,” adds the New York Post.
Read the full report here.
CHAOS NYC: Rioters Loot Manhattan Stores, De Blasio Describes Situation as ‘Limited Protest Activity’
Rioters smashed windows and looted stores in Manhattan late Sunday night after assembling for citywide protests following the death of George Floyd in Minneapolis; a situation Mayor Bill de Blasio described as “limited protest activity.”
“Fox News crews on the scene in SoHo reported hundreds of people stealing from luxury stores – including Chanel and Dior – for hours on Sunday night going into the early hours of Monday morning. The looters were seen piling shoplifted merchandise into vehicles while others rode off with the merchandise in black garbage bags balanced on CitiBikes,” reports Fox news.
Here it is… just disgusting to see this in person pic.twitter.com/GftB2C5Bfw
— Rob Schmitt (@SchmittNYC) June 1, 2020
“Most of the day we had large crowds throughout the city in multiple boroughs [on Sunday]. But when it got dark, things changed and it changed rapidly,” Shea said on Fox News’ “Fox & Friends” on Monday morning. “We anticipated it, but you saw large groups of people had no inclination to all this protest once it got dark, particularly in the area of SoHo between Canal and West Broadway. We had a number of stores broken into.”
Read the full report at Fox News.