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Trump speaks after unexpected jobs gain amid economic crisis and protests – live | |
(32 minutes later) | |
US president speaks from White House as nationwide protests continue over the death of George Floyd, and markets take after the latest jobs figures | |
Trump predicted this morning’s jobs report would be a sign of sustained economic growth, insisting unemployment would continue to fall. | |
“This is better than a V,” Trump said of the shape of the country’s recovery curve. “This is a rocket ship.” | |
The president also describe the drop in unemployment as “a tremendous tribute to equality,” even though black unemployment actually rose slightly last month while white unemployment fell. | |
Trump claimed the country was “largely through” the coronavirus pandemic as states start the process of reopening their economies. | |
However, public health experts have warned that the country could see a second wave of infections later this year, which could require another round of social distancing. | |
The president has consistently downplayed the possibility of a second wave. | |
Trump has started his White House press conference, and the president opened the event by quickly veering from the jobs numbers to the George Floyd protests then back to the jobs numbers. | |
The president called this morning’s jobs report, which showed unemployment had dropped last month but remained high at 13.3%, an “affirmation of all the work we’ve been doing. | |
Trump then said that, before the coronavirus pandemic, the US had the “greatest economy in the history of the world,” although that oft-repeated claim is not accurate. | |
The president called on states that have been more slowly reopening to ramp up that process, saying the states that reopened quickly have been “doing tremendous business.” | |
However, the president unexpectedly shifted from the jobs numbers to the protests, bragging about the progress seen in Minneapolis this week after demonstrations last week turned violent. | |
Trump’s press conference is running behind schedule, but the president may be asked about the DC mayor’s request this morning to remove all additional federal law enforcement officers from the city. | |
In a letter to the president, DC Mayor Muriel Bowser said she was ending the city’s state of emergency in connection to the George Floyd protests, noting the demonstrations have been peaceful in recent days and no arrests were made yesterday. | |
Bowser insisted the city is “well equipped to handle large demonstrations,” and she said having additional federal law enforcement officers in Washington (some of whom have not worn identifying insignia in the past few days) would only intensify tensions. | |
Despite the mayor’s request, Trump may not easily agree to the removal of the forces from DC, considering governors across the country have not agreed with his suggestion to send active-duty troops to states that have seen George Floyd protests. | |
This is Joan Greve, taking over for Joanna Walters. | This is Joan Greve, taking over for Joanna Walters. |
Trump is expected to hold a press conference at any moment, where he will likely tout the unexpected drop in the unemployment rate that was announced this morning. | Trump is expected to hold a press conference at any moment, where he will likely tout the unexpected drop in the unemployment rate that was announced this morning. |
However, many reporters’ questions will almost certainly focus on the George Floyd protests that have played out across the country in recent days and the president’s less-than-flattering words about the demonstrators. | However, many reporters’ questions will almost certainly focus on the George Floyd protests that have played out across the country in recent days and the president’s less-than-flattering words about the demonstrators. |
Stay tuned. | Stay tuned. |
Markets are taking off after the latest US jobs figures were upbeat, the opposite of what was expected from the figures for the last month. | Markets are taking off after the latest US jobs figures were upbeat, the opposite of what was expected from the figures for the last month. |
Donald Trump will take to a podium at the White House in a few minutes after rejoicing via Twitter. His briefing is due at 10am ET. He’s been running incredibly late for briefings recently, so stay tuned. | Donald Trump will take to a podium at the White House in a few minutes after rejoicing via Twitter. His briefing is due at 10am ET. He’s been running incredibly late for briefings recently, so stay tuned. |
It’s a piece of good news for the president, who has been battered in the polls of late over his response to the major crises rocking the country. | It’s a piece of good news for the president, who has been battered in the polls of late over his response to the major crises rocking the country. |
Nationwide protests continue, demanding and end to systemic racism in society, but specifically in policing, after the death of George Floyd. | |
The latest debate on reforms needed is only just getting started. | The latest debate on reforms needed is only just getting started. |
And the coronavirus pandemic, which cratered the economy, is far from under control. Experts worry that protesters, who are often not social distancing or wearing masks properly, are at fresh risk of catching Covid, which has already disproportionately battered communities of color across the US. | And the coronavirus pandemic, which cratered the economy, is far from under control. Experts worry that protesters, who are often not social distancing or wearing masks properly, are at fresh risk of catching Covid, which has already disproportionately battered communities of color across the US. |
Ailing congressman and civil rights icon John Lewis has spoken out all week, however, to say he is optimistic that this really could be a turning point towards greater fairness in US policing. | Ailing congressman and civil rights icon John Lewis has spoken out all week, however, to say he is optimistic that this really could be a turning point towards greater fairness in US policing. |
“Black Lives Matter” is currently being painted in huge lettering on one of the roads very near the White House. | “Black Lives Matter” is currently being painted in huge lettering on one of the roads very near the White House. |
Apparently with the nod from the Washington authorities. | Apparently with the nod from the Washington authorities. |
Short film: | Short film: |
Police in Paris have banned an anti-racism demonstration in front of the US Embassy in the French capital tomorrow, citing the risk of social disorder and health dangers amid the ongoing coronavirus pandemic. | Police in Paris have banned an anti-racism demonstration in front of the US Embassy in the French capital tomorrow, citing the risk of social disorder and health dangers amid the ongoing coronavirus pandemic. |
But protests in solidarity with the strong wave of action across the US amid anger and grief at the killing of yet another black man by police are scheduled to take place this weekend in Britain, Germany, Belgium, Spain, Hungary, Brazil, South Korea, Australia and more. | But protests in solidarity with the strong wave of action across the US amid anger and grief at the killing of yet another black man by police are scheduled to take place this weekend in Britain, Germany, Belgium, Spain, Hungary, Brazil, South Korea, Australia and more. |
Demonstrations have taken place this past week in those countries and Mexico, Liberia, Canada, Italy, Norway, Greece and many other places. | Demonstrations have taken place this past week in those countries and Mexico, Liberia, Canada, Italy, Norway, Greece and many other places. |
The protests in US cities large and small, coast to coast and north to south, have been massive and mostly peaceful, despite bouts of violent unrest and some aggressive policing tactics - and would have been, or would be, much, much larger if people were not still bound by caution over catching Covid-19. | The protests in US cities large and small, coast to coast and north to south, have been massive and mostly peaceful, despite bouts of violent unrest and some aggressive policing tactics - and would have been, or would be, much, much larger if people were not still bound by caution over catching Covid-19. |
We have all the details and reactions to the latest US jobs numbers in our Guardian business blog, here. | We have all the details and reactions to the latest US jobs numbers in our Guardian business blog, here. |
Donald Trump is not just pleased, he is ecstatic. | Donald Trump is not just pleased, he is ecstatic. |
And: | And: |
The dire numbers expected in the latest jobs report this morning did not happen - at all. | The dire numbers expected in the latest jobs report this morning did not happen - at all. |
Covid-19’s devastating assault on the US economy waned in May as the unemployment rate dipped to 13.3% and the US added another 2.5m jobs. | Covid-19’s devastating assault on the US economy waned in May as the unemployment rate dipped to 13.3% and the US added another 2.5m jobs. |
The latest tally follows the loss of 20m jobs in April when unemployment hit 14.7%. In February the unemployment rate was just 3.5%. A decade’s worth of gains made in the labor market since the last recession have been erased in just three months. | The latest tally follows the loss of 20m jobs in April when unemployment hit 14.7%. In February the unemployment rate was just 3.5%. A decade’s worth of gains made in the labor market since the last recession have been erased in just three months. |
All 50 states have now begun easing quarantine restrictions and the pace of this unprecedented hollowing has now slowed as some have returned to work but uncertainties remain, my business colleague Dominic Rushe reports. | All 50 states have now begun easing quarantine restrictions and the pace of this unprecedented hollowing has now slowed as some have returned to work but uncertainties remain, my business colleague Dominic Rushe reports. |
The president has taken to Twitter and in about an hour will take to a podium at the White House. | The president has taken to Twitter and in about an hour will take to a podium at the White House. |