Art of the Comeback? Record 2.5 Million Jobs Added! Unemployment Falls to 13.3%

TOPSHOT - US President Donald Trump speaks during a 'Evangelicals for Trump' campaign event held at the King Jesus International Ministry on January 03, 2020 in Miami, Florida. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

By

JOHN CARNEY

The unemployment rate fell to 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity and government aid led to new hiring in May.

The U.S. unemployment rate fell below last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948. Economists estimate that the unemployment rate reached 25 percent during the Great Depression, although that predated the scientific economy-wide record keeping the government now deploys.

The job gains mark a sudden turnaround from a month earlier, when the economy shed a staggering 20.5 million jobs, by far the worst monthly decline on records back to 1939.

Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs.

The mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month.

The government has undertaken unprecedented efforts to support employment and provide aid to those who have lost their jobs. Around 150 million taxpayers received stimulus payments of up to $1200 for adults in their household plus additional amounts for children. The Treasury’s Paycheck Protection Program is backing $669 billion of loans to small businesses that can be forgiven if borrowers do not lay off workers. The federal government has been providing an additional $600 on top of state unemployment benefits, paying some Americans more than they earned on the job.

Recent data suggest the labor market has been stabilizing and is now improving. The number of people applying for unemployment benefits has declined every week since hitting a record high 6.8 million in March. Last week, this number fell to around 1.8 million. Over 40 million new claims have been made for unemployment since the wave but ongoing claims are just over 20 million, indicating many Americans have been rehired after losing jobs.

In May, employment in leisure and hospitality jumped by 1.2 million after falling by 7.5 million in April and 743,000 in March. Bars and restaurants hired an additional 1.4 million workers following a combined 6.1 million in job losses in April and March.

Construction employment jumped by 464,000 in May, gaining back almost half of April’s decline.

Dentist offices added 245,000 jobs. Health care employment overall rose by 312,00.

Retail shops added  368,000 jobs in May, after a loss of 2.3 million inApril. Over-the-month job gains occurred in clothing and clothing accessories stores were 95,000. Auto dealers added 85,000. General merchandise stores added 84,000.

Manufacturers added 225,000 jobs, about evenly split between the durable and nondurable goods components. Twenty-eight thousand of those were in auto making plants.

Washington DC Mayor Paints Giant ‘Black Lives Matter’ Message on Road to White House with Taxpayer Money — But Can’t Stop Rioting

By Jim Hoft – 6/5/2020

Washington DC Mayor Bowser painted a giant ‘Black Lives Matter’ message on the street to the White House on Friday.
The painting was commissioned by the far left mayor.

She can’t control her streets from rioters but she can use taxpayer money to paint a slogan on the street to the White House.

This message in yellow paint spans two blocks on 16th Street to the White House.

Screen Shot 2020-06-05 at 11.29.03 AM

CNN reported:

“The painting of 16th St with “BLACK LIVES MATTER” is an effort not only blessed by Washington DC Mayor Muriel Bowser but initiated by her,” said the mayor’s spokeswoman LaToya Foster to CNN.

“The painters are contractors directed by the Mayor. They have been at it since 2 or 3 in the morning.”

Washington has been the site of more than a week’s worth of protests in response to the death of George Floyd at the hands of Minneapolis police officers. St. John’s Church, the site of President Trump’s roundly criticized photo opp during a peaceful protest, sits along the expanse of road that now bears the BLM message. They will continue this weekend, including one on Saturday that is expected to yield a large turnout.

 

RIOTS – ISIS Celebrates BLM Protests in Hope They Will “Weaken” the West

Terror group welcomes riots in “infidel” countries.

By – 6/5/2020

Terror group ISIS has celebrated Black Lives Matter protests and riots taking place in multiple major cities, gleefully hoping that they will serve to “weaken” the west.

Numerous major American cities have been rocked by civil unrest over the past 10 days, with the riots claiming 17 lives. Other cities in Europe, Canada and Australia have also been hit with violent protests.

This has greatly pleased the Islamic State, which welcomed the riots in the latest edition of its al-Naba newspaper.

“ISIS has commented for the first time on the protests across the US over the death of George Floyd,” commented jihad specialist Mina Al-Lami. “In its paper al-Naba, IS said the civil unrest must not be seen as a problem for the US alone, and that other “infidel” countries should brace themselves for the repercussions.”

Screen Shot 2020-06-05 at 11.02.54 AM

“It compared the potential spread of the unrest across Western countries to the spread of Covid-19 in the West. IS gleefully reported on the protests, hoping that together with coronavirus they would weaken the West and “distract” its countries from “meddling” in Muslim affairs,” she added.

Given that many of the protesters share ISIS’s goal of collapsing the west, it’s unsurprising that the terror group and the hard left demonstrators are on common ground.

Indeed, the vision is so similar that ISIS once even suggested recruiting and arming anti-American protesters to turn them into jihadists.

Screen Shot 2020-06-05 at 11.05.21 AM

EXPOSE ANTIFA: PROJECT VERITAS INFILTRATES ANARCHIST TERROR GROUP POSING AS PROTESTERS

Expose Antifa: Project Veritas Infiltrates Anarchist Terror Group Posing As Protesters

Recruitment process, combat training and international connections revealed

 | Infowars.com – JUNE 4, 2020

The latest Project Veritas exposé released Thursday focuses on Portland, Oregon’s Rose City Antifa group and its violent tactics.

Freakish “Clown” Busted After Neck Tattoo Gives Him Away…Charged With Arson For Allegedly Setting Chicago Police SUV On Fire During “Peaceful” Protests

Screen Shot 2020-06-04 at 4.53.05 PM

Protests over the death of George Floyd this weekend in Chicago took an ugly turn when looters and rioters destroyed the city. Videos of looter ransacking stores on Michigan Avenue were shared around social media.

Another video showed rioters dragging a police officer on her back down a street in Chicago.

Like Washington D.C., NYC, Minneapolis, and other major cities across America, fires raged in buildings and cop cars burned after “peaceful” protesters destroyed black-owned businesses and killed black cops to get “justice” for George.

Hidden behind a clown mask, white “peaceful” protester, Timothy O’Donnell foolishly believed he could get away with setting a Chicago police SUV on fire by hiding his identity behind the freakish mask. Unfortunately, for the peaceful protester, his amateur neck tattoo that reads, “PRETTY,” gave him away.

Timothy O’Donnell is now facing federal charges of arson that carry a min. 5-year-sentence.

According to Jason Meisner of the Chicago Tribune: Listening in on the court appearance for Timothy O’Donnell, charged in federal court with torching a Chicago cop car during the weekend unrest downtown. Prosecutor tells the judge he faces up to 20 years in prison if convicted. The mandatory minimum sentence is 5 years.
Screen Shot 2020-06-04 at 5.01.36 PM
Police arrested O’Donnell at his apartment on Tuesday in Chicago’s Pilsen neighborhood. According to Fox 40, O’Donnell admitted to the crime.
Screen Shot 2020-06-04 at 5.03.57 PM

WATCH: LATINO GANGS GO TO WAR WITH ‘LOOTERS’ IN CICERO SUBURB OF CHICAGO

WATCH: Latino Gangs Go to War With 'Looters' in Cicero Suburb of Chicago

There’s no question that if scenes like this occurred in Yucaipa or Snohomish it would be the top story in the country

Chris Menahan | Information Liberation – JUNE 4, 2020

With the media being furious with towns like Yucaipa and Snohomish where “white men with large guns” were seen defending their neighborhoods, it’s rather remarkable how little attention they’ve given to the Latin Kings street gang aggressively purging their neighborhoods of “looters” in the suburbs of Chicago.

In Cicero, Illinois over the past few days there were multiple shootouts and people were seen ramming trucks into looters’ cars.

Two people were killed and 60 were arrested.

Frankly, it’s hard to say how much of this was targeting “looters” versus just targeting anyone black who happened to be driving through, there seemed to be a mix of both.

CAP

That said, there’s no question that if scenes like this occurred in Yucaipa or Snohomish it would be the top story in the country.

WATCH:

From ABC 7 Chicago, “Cleanup begins after 2 killed in Cicero, 60 arrested; officials, residents call for unity as tensions rise”:

Violence rocked suburban Cicero Monday with two people killed and 60 others arrested as “outside agitators” started looting businesses, Cicero police said.

[…] Several people were caught running with stolen items from The El Patron liquor store near 22nd Street and Cicero Avenue, several other businesses were also hit, officials said.

“There were a lot of rioters that just wanted to take advantage of this,” said Ray Hanania. “A lot of them were standing right here on the street throwing rocks and bottles on the street as cars were coming by.”

The Cicero Police Department said more than 100 local officers along with 120 state and county police officers were dispatched to protect residents and businesses. Two people, both men in their 20s, were found shot to death at different locations. Three suspects in one of the shooting have been taken into custody, police said.

[…] Protesters returned to the streets Tuesday just steps from Village Hall, calling attention to what they say has been a growing tension between African American and Latino residents. Organizers said there were widespread reports that Latino gang members were allegedly protecting their neighborhoods and harassing black residents.

[,…] Cicero officials said they were unaware of those allegations.

You can see the second video above that someone in a truck rams a looter’s car then the cops drive up right behind them, get out of their patrol car and chase the looters down. That certainly suggests the two groups were working together.

Apparently, one of the Latin King’s leaders was allegedly killed in retaliation (AP/Reuters journalists are not particularly interested in covering gang violence in Chicago, so I can’t find any other sources).

CAP

According to Wikipedia, the suburb of Cicero is 90 percent Hispanic, with 80 percent of residents being of Mexican descent.

“The 1980s and 1990s saw a heavy influx of Hispanic (mostly Mexican and Central American) residents to Cicero,” Wikipedia says. “Once considered mainly a Czech or Bohemian town, most of the European-style restaurants and shops on 22nd Street (now Cermak Road) have been replaced by Spanish-titled businesses.”

Wokevirus

By Paul Joseph Watson – 6/4/2020

Funerals, weddings, pubs, other peaceful gatherings did not fit into the agenda. Agenda is “order out of chaos”.

 

Minneapolis Democratic Mayor Asking for $55 Million Federal Bailout to Repair Race Riot Damages

Now, he wants the taxpayer to pay for the riots.

By

Minneapolis Democratic Mayor Jacob Frey is ordering city officials to begin a wide-ranging query of the damage done to the city’s infrastructure from the race riots that began last week after the death of George Floyd, planning on requesting a federal bailout for the city to repair the damages done by “protestors.”

Early preliminary estimates gauge the price tag of property damage from the riots at more than $55 million dollars. Frey is already working with U.S. Senator Amy Klobuchar and representatives Ilhan Omar and Betty McCollum on a potential bailout package for the city.

However, McCollum described a more realistic picture on the prospect of the Twin Cities being granted a federal bailout, which would require approval from the Republican Senate and the signature of President Trump. In an email to the Minneapolis Star Tribune, she said the chances of a bailout were slim. “To be realistic, the odds of that happening are, at best, very difficult.”

Curiously, Frey seemed a lot less concerned about the economic and property damage impacts of the race riots when they were actually happening. Even the Democratic Governor of Minnesota, who proved almost equally inept at preventing mass destruction and controlling the volatile situation, slammed Frey for his refusal to deter the large crowds of criminal rioters, calling the city’s response to the riots an “abject failure.” Frey rebuffed suggestions to deploy the Minnesota National Guard before caving and giving in.

Minnesota Republicans have called upon both Tim Walz and Frey to resign, citing their utter failure to prevent riots that have now caused damages in the tens of millions to everyday Minnesotans and the Twin Cities community.

In a remarkable display of irresponsibility, the liberal Democrats cheering on rioting and property damages aren’t even willing to pay for the damages enacted in their own communities. As it turns out, the buck stops with the American taxpayer, many of whom they’d gladly point to as ones whom they’re protesting.

 

Blog at WordPress.com.

Up ↑