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”.
That optimism is probably short lived. That data is based on recent historical data. Current data indicates its already going backwards again, especially credit card usage.
Absolutely incredibly incorrect. Just watch.
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