Trump: US unemployment began to decline again

Trump: US unemployment began to decline again

Speaking to reporters in the White House, the president noted that the country’s economy began to recover

On Friday morning, before leaving for Maine, US President Donald Trump held a press conference with reporters.

The President noted that despite the ongoing pandemic of the coronavirus, a positive trend in employment appears in the country. This is evidenced by the report on unemployment in May.

In May 2020, the number of unemployed fell to 13.3% percent, compared with April 14.7%. Earlier, the Dow Jones predicted an increase in unemployment to 19.5% in May 2020. Job growth in May amounted to about 2.5 million – the largest monthly increase in the number of jobs since 1939. Almost half of them are in the field of tourism, entertainment, and hotel products and services.

Trump emphasized that the only thing that could hinder the economic recovery is the extremist activities of radical groups that, using their peaceful protests by the Americans, are trying to wreak havoc and strife in the country.

Donald Trump said that the appearance of 2.5 million jobs in May indicates that the US is on its way to “an incredible period of growth.”

“Job growth is observed in all sectors of American industry,” the president added.

Trump also said that he wants to focus on preventing coronavirus among populations at increased risk for complications, which will open up the country’s economy.

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“The best strategy for ensuring people’s health in the future is to focus our resources on protecting populations at high risk for complications, such as older people and patients in nursing homes, while at the same time letting young and healthy Americans return to work immediately,” Trump said. speaking at a press conference in the White House.

Trump called for the opening of schools and the immediate cessation of restrictions imposed by state authorities to prevent the spread of coronavirus.

The authorities of almost all states have begun to gradually open the economy, but the scale of the opening varies from state to state.

“We want ongoing locks to end in all of these states,” the president emphasized.

At the end of the press conference, the president signed into law amending certain provisions regarding the forgiveness of loans to small businesses under the Wage Protection Program, adopted to help the economy. The new law allows loan recipients to defer payment of payroll taxes.