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Economy

Jobs report rose by 559K, disappointing expectations

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The U.S. Labor Department released its jobs report Friday, revealing only 559,000 nonfarm jobs in May. Economists surveyed by the Dow Jones previously predicted that the U.S. would see 671,000 new jobs that month.

Unemployment dropped by only 0.3%. Black adults still top the highest unemployment rate at 9.1% and have seen little change in the past few months. 7.9 million people reported that they lost jobs in May because their employer went out of business due to the pandemic. That number is down from 9.4 million in April.

RELATED: February Jobs Report: 273,000 New Jobs, 3.5% Unemployment

The industries that saw significant increases in employment were leisure and hospitality, in public and private education, and in health care and social assistance. Altogether, they contributed to the majority of new jobs, creating about 505,000 jobs.

You can follow Jenny Goldsberry on Twitter @jennyjournalism.

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Economy

Biden’s 60 Minutes Interview Horrifies White House: ‘Does NOT Reflect the OFFICIAL Position’

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Uh oh. Someone let President Joe Biden speak by himself again and damage control immediately ensued. President Joe Biden’s “60 Minutes” interview which aired on CBS Sunday was 60 minutes of pure torture for viewers and 60 minutes of pure angst for the White House; everyone but the president himself.

60 Minutes’ official Twitter account publicly called out the President’s answers with an embarrassing statement that his own administration was in disagreement with him:

“President Biden tells 60 Minutes that U.S. men and women would defend Taiwan in the vent of a Chinese invasion. However, after our interview, a White House official told us that U.S. policy on Taiwan has not changed.”

CBS’ Scott Pelley also discussed inflation; an issue drastically affecting the welfare and wellbeing of families. Biden deflected with zero sympathy:

As for President Biden’s son Joe, he is sticking with the narrative that Hunter is the “smartest” person he knows and that “there’s not a single thing that I’ve observed at all that would affect me or the United States relative to my son Hunter.”

Biden also said that while the “proof of the pudding is in the eating” in response to being asked if he is fit to be President, Biden did not commit to saying whether or not he will run for re-election. His “intention” is to run again, “but that’s just intention” he said. “Is it a firm decision that I run again? That remains to be seen.”

 

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