To : <firstname.lastname@example.org>Date : Fri, 01 Jun 2018 22:09:01 +0700 Subject : Unemployment reaches lowest level in 18 years
The Day Ahead
President Donald J. Trump will preside over the Change of Command Ceremony for the Commandant of the U.S. Coast Guard. Watch live at 11:00 a.m. ET.
Unemployment reaches lowest level in 18 years
The United States economy added 223,000 jobs in May, one of many recent indicators showing that President Trump’s economic policies are paying dividends for American workers and businesses. Employment growth averaged 207,000 jobs per month in 2018- faster than the gains in both 2016 and 2017.
Job growth in goods-producing industries such as manufacturing, construction, and mining and logging have been especially robust. After averaging gains of 27,000 jobs per month during President Obama’s second term, these industries have almost doubled the pace of hiring to 46,000 jobs per month since January 2017.
BLOOMBERG: U.S. Payrolls Rise 223,000 as Jobless Rate Matches Historic Low
“U.S. hiring rose more than forecast in May, wages picked up and the unemployment rate matched the lowest in almost five decades, indicating the strong labor market will keep powering economic growth. Payrolls increased 223,000 following a revised 159,000 gain, Labor Department figures showed Friday. The median estimate of analysts surveyed by Bloomberg called for 190,000 jobs. Average hourly earnings increased 2.7 percent from a year earlier, more than projected, while the jobless rate fell to 3.8 percent from 3.9 percent to match April 2000 as the lowest since 1969.”
GALLUP: Optimism about Availability of Good Jobs Hits New Heights
“Sixty-seven percent of Americans believe that now is a good time to find a quality job in the U.S., the highest percentage in 17 years of Gallup polling. Optimism about the availability of good jobs has grown by 25 percentage points since Donald Trump was elected president.”
MARKETWATCH: Manufacturing Activity at Strongest Level since September 2014, Flash PMI Data Show
“The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. Readings over 50 indicate expansion.”
What to know about steel and aluminum tariffs
Yesterday, President Trump announced steel and aluminum tariffs on Canada, Mexico, and the European Union following months of discussions to address U.S. national security concerns stemming from global oversupply. This implementation follows the President’s March 8 announcement of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.
In March, President Trump welcomed any country with whom the United States shares a security relationship to discuss alternative means to address the oversupply challenge. As a result, American officials reached agreements with South Korea, Australia, Argentina, and Brazil on steel, as well as Australia and Argentina on aluminum. The U.S. was unable to reach satisfactory arrangements with Canada, Mexico, or the EU.
Excessive imports threaten to impair national security, the Commerce Department reported in January, for one key reason: Closures of domestic production result in a situation where the U.S. would be unable to meet demand for national defense and critical infrastructure in a national emergency.
Get outside: June is ‘Great Outdoors Month’
“Spending time in the great outdoors, especially during summer, is an American tradition,” President Trump writes in his Proclamation of June 2018 as Great Outdoors Month. “Every American should take the opportunity to enjoy the beauty of our natural wonders, which stretch from coast to coast and beyond.”
The Trump Administration has made access to public land a top priority. In December, President Trump stood with local communities against Federal overreach on land management, modifying the boundaries of the Bears Ears and Grand Staircase Escalante national monuments in Utah. The Administration also “opened or expanded hunting and fishing access at 10 national wildlife refuges across the country,” the President wrote this week.
As part of an effort to boost exercise and youth fitness, the White House also hosted a field day with several hundred children, parents, and athletes on the South Lawn this week. Watch Ivanka Trump’s video from Sports and Fitness Day.
Photo of the Day
Official White House Photo by Andrea Hanks
Marine One | May 29, 2018
White House Press Briefing,4/23/18:
THE WHITE HOUSE MHI