Friday, June 1, 2018

Trump Cuts Federal Payroll-Employment Up-Jobless Rate Record Low-Oil Production Up

Image result for trumpNumber of Employed Americans Sets 9th Record Under Trump...
(CNSNews.com) - "Looking forward to seeing the employment numbers at 8:30 this morning," President Trump tweeted early Friday.
And here they are: The number of employed Americans, 155,474,000, has broken another record -- for the ninth time since President Trump took office, in fact.
At the same time, the number of unemployed Americans dropped to 6,065,000, a low not seen since January 2001.
This pushed the nation's unemployment rate down a tenth of a point to 3.8 percent, a level not seen since April 2000.
And there's more good news: The number of employed women 16 and over set another record (72,690,000); the number of employed men 16 and over is at an all-time high (82,784,000); and so is the number of employed African-Americans (19,092,000).
WASHINGTON—The unemployment rate fell to an 18-year low in May and employers steadily added jobs, signs of enduring strength for the labor market.
U.S. nonfarm payrolls rose a seasonally adjusted 223,000 in May, the Labor Department said Friday. The unemployment rate ticked down to 3.8%, matching April 2000 as the lowest reading since 1969.
Wages in May improved modestly, growing 2.7% from a year earlier.
Economists surveyed by The Wall Street Journal had expected 190,000 new jobs and a 3.9% unemployment rate.
The unemployment rate for black workers hit new record lows in May, the Labor Department's Bureau of Labor Statistics reported Friday.
Black unemployment fell sharply to 5.9 percent, beating out the 6.6 percent record low that was set a month earlier.
The unemployment rate for Hispanic workers hit a record low in April, at 4.8 percent, but it rose slightly to 4.9 percent in May.
(CNSNews.com) - The federal government cut 3,000 jobs in May and federal employment has now dropped by 24,000 since President Donald Trump took office, according to data released today by the Bureau of Labor Statistics.
Even as federal government jobs were declining, overall employment was increasing—as was employment in state and local government
[Editor's note: This story was updated at 8:15 a.m. CDT June 1.]
U.S. crude oil production jumped 215,000 barrels per day (bbl/d) to 10.47 million bbl/d in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on May 31.
Production in Texas rose by 4% to almost 4.2 million bbl/d, a record high based on the data going back to 2005. The Permian Basin, which stretches across West Texas and eastern New Mexico, is the largest U.S. oil field.
Output from North Dakota held around 1.2 million bbl/d, while output in the federal Gulf of Mexico declined 1.1% to 1.7 million bbl/d.
The agency also revised February oil production down by 5,000 bbl/d to 10.26 million bbl/d.
U.S. crude oil output rose above 10 million bbl/d late last year for the first time since the 1970s, overtaking top oil exporter Saudi Arabia, but it still lags behind top producer Russia, which pumps just below 11 million bbl/d.

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