President Trump just announced another big win for the American People. Unemployment has fallen 3.8%–the best numbers we’ve seen in 18 years.
US employers added 223,000 nonfarm payrolls in May, more than expected, while the unemployment rate fell to an 18-year low of 3.8%, according to the jobs report released Friday.
Business Insider reports:
Economists had forecast that employers added 190,000 jobs on net with the unemployment rate remaining at 3.9%.
May marked a record 92nd straight month of job growth in the US. Most of the hiring last month came from the healthcare, construction, and retail industries.
Job openings are at a two-decade high, according to the most recent data from the Bureau of Labor Statistics, and that’s good news for the droves of young people who recently graduated.
Critics jumped on the President for hinting at the good news in a tweet Friday morning. But none could find fault with the report, which also boasted the highest number of job openings in 20 years.
Looking forward to seeing the employment numbers at 8:30 this morning.
— Donald J. Trump (@realDonaldTrump) June 1, 2018