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‘Opening with a bang’: President Trump Celebrates May Job Numbers

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President Donald Trump addressed the country from the White House Rose Garden Friday after the U.S. Labor Department’s report revealed that May brought back millions of jobs to the economy as states reopened after businesses closed for months to mitigate the spread of the coronavirus began reopening in phases.

“We’ll go back to having the greatest economy anywhere in the world,” Trump said describing the achievements his administration made before the novel coronavirus pandemic began,” Trump said.

“We’re going to be back and we’re going to reopen the country and I hope that the lockdown governors, I don’t know why they continue to lockdown, because if you look at Georgia, if you look at  Florida, if you look at South Carolina, if you look at so many different places that have opened up, I don’t want to name all of them, but the ones that are most energetic about opening are doing tremendous business.”

“We’ll go back to having the greatest economy anywhere in the world.”

The U.S. economy’s unemployment rate dropped from 14.7 percent to 13.3 percent and the job market added 2.5 million jobs in May. The President touted the “incredible” numbers in several tweets posted Thursday morning.

https://twitter.com/realDonaldTrump/status/1268883561651884032

https://twitter.com/realDonaldTrump/status/1268883807375183873

https://twitter.com/realDonaldTrump/status/1268885664206073856

https://twitter.com/realDonaldTrump/status/1268886111130189824

https://twitter.com/realDonaldTrump/status/1268888049792036867

https://twitter.com/realDonaldTrump/status/1268890135459921921

https://twitter.com/realDonaldTrump/status/1268890724591964160

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Economy

Chevron downsizes global San Fran headquarters, paying for employees to move to Texas office

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Oil giant Chevron made a huge announcement saying it will be closing its current global headquarters in San Ramon, California. Even more telling, its encouraging employees to move to Houston, Texas.

The San Francisco Gate reported “the oil company will cover relocation costs for those voluntarily leaving for the Texas office, which has been growing and employs nearly 6,000 people. Meanwhile, the San Ramon office buildings have experienced dwindling numbers in recent years.”

Although the company is not leaving the state completely, “company leadership has pushed for a permanent move to Texas in the past” adds SFGATE. Chevron, which has had “deep roots” in California going back to the late 1800s, will vacate its 100-acre campus in 2023.

The Wall Street Journal reports the business hopes to move into a smaller space in San Ramon, which will remain its headquarters. A company spokesperson told SFGATE “the current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population.”

“The move is expected to occur during the third quarter of 2023” they continued. “Chevron will remain headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state.”

The SFGATE notes Chevron is one of “the East Bay’s legacy companies joining the trend” to move their headquarters out of the area in recent years. Tech companies such as startups like Coinbase to industry pioneers like Hewlett Packard and Oracle have all vacated, with Elon Musk having been “one particularly outspoken voice decrying California’s business conditions.”

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