4.8 MILLION MORE AMERICANS WORKING, UNEMPLOYMENT RATE FALLS MORE THAN 2%
by Sharon Rondeau
(Jul. 2, 2020) — President Trump will be giving a press conference on the newly-released June employment numbers and the state of the economy at 9:30 a.m. Thursday.
According to mainstream reports, 3 million new jobs were expected to be added to the economy, but the number is actually 4.8 million.
Unemployment decreased from 13.3% to 11.1% following the severe contraction caused by the coronavirus.
Live streaming can be viewed here.
At the opening bell of the New York Stock Exchange, stocks rose more than 350 points on the news.
Shortly after 9:00 a.m., Trump tweeted a preview of his upcoming remarks.
At approximately 9:31 a.m., the White House Twitter account tweeted: