US economic crisis ‘far from over’ despite 2.5 million jobs gained

President Donald Trump says the US economy is bouncing back from the effects of the coronavirus pandemic, after the unemployment rate unexpectedly dropped to 13 percent. But there was little change for African Americans. While the economy also regained 2.5 million jobs in the month of May, economists warn the crisis is far from over. … Read more US economic crisis ‘far from over’ despite 2.5 million jobs gained

George Floyd protests: Trump says ‘this is a great day for George’ as he boasts about US employment

President Donald Trump has said that strong new jobs numbers marked a “great day” for George Floyd, the man whose killing last week sparked nationwide protests over police brutality against African Americans. Apparently referring to a surge in employment, Mr Trump said: “Hopefully, George is looking down right now and saying, ‘This is a great … Read more George Floyd protests: Trump says ‘this is a great day for George’ as he boasts about US employment

Millions of Americans falling into poverty despite improved jobs figures | ABC News

While US President Donald Trump has seized on the latest US job figures as proof his economy is set to recover from the coronavirus shutdown, millions of Americans remain unemployed or under-employed. The speed at which businesses closed down during the pandemic has revealed just how easy it is to fall from the middle class … Read more Millions of Americans falling into poverty despite improved jobs figures | ABC News

Trump calls it a ‘great day’ for George Floyd ‘looking down’ as he releases jobs report

U.S. President Donald Trump has suggested that George Floyd was looking down from heaven, calling it a “great day” when he released a much better than expected jobs report. Joe Biden, who officially became the Democrats’ presidential candidate on Friday, slammed Trump on the economy, the pandemic, and especially his remarks about George Floyd. Subscribe … Read more Trump calls it a ‘great day’ for George Floyd ‘looking down’ as he releases jobs report

2.5 million jobs surprisingly added in May

ABC News’ Rebecca Jarvis discusses how the unemployment rate dropped but permanent layoffs rose. ABC News Live Prime, Weekdays at 7EST & 9EST WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc

‘Balance of Power’ Full Show (06/05/2020)

Jun.05 — “Bloomberg: Balance of Power” focuses on the intersection of politics and global business. Chicago Booth School Professor Austan Goolsbee and AFL-CIO President Richard Trumka react to the U.S. adding back 2.5 million jobs in May. Plus, the mayor of Shreveport, Louisiana discusses how his city is coping with protests and the coronavirus pandemic.

U.S. stocks surge on strong jobs report

Wall Street surged on Friday after a strikingly upbeat May jobs report provided the clearest evidence yet that the economy is headed for a quicker-than-anticipated recovery. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news … Read more U.S. stocks surge on strong jobs report

Biden knocks Trump’s jobs report victory lap

President Donald Trump took a victory lap and Wall Street jumped significantly higher in Friday trading after huge job gains in May but former Vice President Joe Biden focused on the millions of Americans who remain out of work. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the … Read more Biden knocks Trump’s jobs report victory lap

Pres. Trump asked how he plans to address systemic racism | ABC News

Pressed on how he plans to address systemic racism, Pres. Trump says, “What’s happened to our country…is the greatest thing that can happen for race relations,” apparently referring to the economy after today’s surprising jobs report. https://abcn.ws/2MKqgxn SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News … Read more Pres. Trump asked how he plans to address systemic racism | ABC News

Biden says Trump should ‘step out of his own bunker’

‘It’s time for him to step out of his own bunker, take a look around at the consequences of his words and his actions’: Democratic presidential candidate Joe Biden said criticizing President Trump’s early celebration of a better-than-expected jobs report. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around … Read more Biden says Trump should ‘step out of his own bunker’

Biden Blasts Trump’s ‘Despicable’ Attempt to Invoke George Floyd in Economy Speech

Presumptive Democratic presidential nominee Joe Biden slammed President Donald Trump on the economy, his pandemic and remarks the president made about George Floyd on a day when the government reported surprising job gains for last month. “It’s time for him to step out of his own bunker,” Biden said, referring to recent reports that Trump … Read more Biden Blasts Trump’s ‘Despicable’ Attempt to Invoke George Floyd in Economy Speech

Trump’s Re-Election Hopes Get Shaky With Recent Biden Gains

A shifting battlefield map is imperiling Donald Trump’s re-election, putting the president on the defensive in states his team didn’t expect to be competitive in November. Recent surveys show Democrat Joe Biden has pulled further ahead in the industrial Midwestern states that Trump won in 2016, as the president’s handling of the coronavirus pandemic and … Read more Trump’s Re-Election Hopes Get Shaky With Recent Biden Gains

Jobs Report Took the Wind Out of the Sails of Stimulus, Goolsbee Says

Jun.05 — Austan Goolsbee, professor of economics at the University of Chicago Booth School and former chairman of the White House Council of Economic Advisers, says the May U.S. employment report will probably cause a “partisan food fight” in Congress over the need for further stimulus. He speaks during an interview with Bloomberg’s David Westin on … Read more Jobs Report Took the Wind Out of the Sails of Stimulus, Goolsbee Says