'JOBS, JOBS, JOBS! 'Jobs surge in April, unemployment rate falls to the lowest since 1969.'' Trump tweeted. Facts first: The jobs report for April shows a very strong economy, with the unemployment rate at a 50-year low.
"JOBS, JOBS, JOBS! 'Jobs surge in April, unemployment rate falls to the lowest since 1969.'" Trump tweeted.Facts first: The jobs report for April shows a very strong economy, with the unemployment rate at a 50-year low. The Bureau of Labor Statistics reported on Friday that in April, the US added 263,000 jobs. The unemployment rate fell to 3.6% from 3.8% in March.
Read MoreBut the drop in the unemployment rate is also due to fewer Americans looking for work. The number of Americans in the labor market fell during April, decreasing from 63% in March to 62.8% in April. The US economy still has more job openings than unemployed people, which raises questions about how the US will work to expand the labor force, whether through training programs, high-skilled immigration and other efforts.
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