President Trump Reports 172,000 Jobs Added in May During Iran Conflict
The president highlighted May employment gains and pledged lower fuel and fertilizer prices within 90 days. He spoke at a farmer roundtable in Chippewa Falls, Wisconsin, while campaigning for Republican midterm candidates.
realitytea.comPresident Trump said the U.S. economy added 172,000 jobs in May, exceeding economist forecasts, during a roundtable with farmers in Chippewa Falls, Wisconsin. The president stated that the gains occurred while military operations continued with Iran and described them as the strongest monthly figures of the current administration.
Trump reported 7,000 new manufacturing positions and 17,000 new construction positions for the month. He added that manufacturing wages have risen more than 8 percent since he took office and that African American unemployment has reached its lowest recorded level.
Stock indexes reached record highs earlier in the week, though major averages declined on Friday after the jobs report, according to market data cited by the president.
Trump said fuel and fertilizer prices would return to levels seen four months earlier within 90 days after the conclusion of the Iran conflict. He noted that a preliminary memorandum of understanding under negotiation would reopen the Strait of Hormuz and that gasoline currently averages $4.22 per gallon.
The president pledged to maintain year-round sales of gasoline blended with 15 percent ethanol and pointed to last year’s tax legislation as supportive of agriculture. An agriculture department official said the administration aims to set new export records for dairy, tree nuts, corn, and ethanol.
Trump urged attendees to support Republican candidates in the midterm elections and described Democratic candidates as offering no viable alternative.
