President Trump has announced “historic numbers” concerning unemployment figures after the American economy gained 4.8 million jobs in June, exceeding forecasts and raising hopes for a sharper than anticipated recovery.
The United States jobless rate has been brought down to 11.1 per cent and new unemployment claims decreased slightly from May to June with $1.4 million claims recorded in the past month. Mr Trump said jobs in hospitality, retail, education, health and manufacturing had experienced a marked increase in June. “Manufacturing looks like it is ready to really take off at a level it has never been before and a lot of that has to do with our trade policy," he said.
He pointed to “historic gains” in the African-American community with a record 404,000 jobs added in the past month amounting to 700,000 jobs created in the past two months. Mr Trump also announced unemployment figures for individuals without a high school diploma had dropped by 3.3 per cent, “the largest drop in recorded history”.
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