Saturday, June 6, 2020

Today, we remember and honor the brave soldiers, sailors, and airmen whose selfless sacrifices on June 6, 1944, secured freedom for decades to come.







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We remember, and give thanks. #DDay

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"This is a rocket ship!" "With 2.5 MILLION jobs added in May, we're on the way to an incredible period of growth! 🔥"







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President Donald Trump on Friday celebrated a new jobs report showing better-than-expected economic numbers in the month of May. “This is outstanding what happened today,” Trump said to reporters. The unemployment rate fell to 13.3 percent in May from a record high of 14.7 percent in April and payrolls unexpectedly rose by 2.5 million workers. Economists estimated the unemployment rate would rise to nearly 20 percent in May and that the economy would shed an additional 8 million jobs. The president held a triumphant press conference in the Rose Garden after the news was announced Friday morning. “This is better than a ‘v,’ this is a rocketship,” Trump said, referring to the economic curve. The president said that the swift bounceback was a result of the economy already being strong, thanks to his economic policies. “Our body was so powerful that we could actually close our country, save millions of lives, stop people very early on from China coming in,” he said, and added, “That strength helped us get through this pandemic.” The news suggested that the downward trend for economic numbers after the coronavirus was at an end and starting to rebound rigorously, even with some major cities still on lockdown.

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🚨🚨BREAKING🚨🚨 The unemployment rate fell to a 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity led to new hiring in May. The U.S. unemployment rate rose above last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948. Economists estimate that the unemployment rate reached 25 percent during the Great Depression, although that predated the scientific economy-wide record keeping the government now deploys. The job gains mark a sudden turnaround from a month earlier, when the economy shed a staggering 20.5 million jobs, by far the worst monthly decline on records back to 1939. Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs. The mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month. The government has undertaken unprecedented efforts to support employment and provide aid to those who have lost their jobs. Around 150 million taxpayers received stimulus payments of up to $1200 for adults in their household plus additional amounts for children. The Treasury’s Paycheck Protection Program is backing $669 billion of loans to small businesses that can be forgiven if borrowers do not lay off workers. The federal government has been providing an additional $600 on top of state unemployment benefits, paying some Americans more than they earned on the job.

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