
President Donald Trump celebrated the jobs report published on Friday by the U.S. Bureau of Labor Statistics, which shows that American employers added jobs for the third consecutive month.
The report, which Trump called “great,” says the U.S. economy added 172,000 jobs last month; the unemployment rate remained unchanged at 4.3%; the number of unemployed people, 7.3 million, “changed little over the month”; and the labor force participation rate held at 61.8%.
‘Bodes ill for the country.’
Total employment growth for the months of March and April were revised up by 29,000 and 64,000, respectively.
“This is a labor market that is stronger than it was last year and is looking pretty darn solid, despite high energy prices and higher inflation generally,” Gus Faucher, chief economist at PNC, told
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!