June 5, 2020  REACTIONS  |  last month's report

Bureau of Labor Statistics reports the unemployment rate in May decreased to 13.3%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.4 9.5 9.5 9.4 9.8 9.3
2011 9.1 9.0 9.0 9.1 9.0 9.1 9.0 9.0 9.0 8.8 8.6 8.5
2012 8.3 8.3 8.2 8.2 8.2 8.2 8.2 8.1 7.8 7.8 7.7 7.9
2013 8.0 7.7 7.5 7.6 7.5 7.5 7.3 7.2 7.2 7.2 6.9 6.7
2014 6.6 6.7 6.7 6.2 6.3 6.1 6.2 6.1 5.9 5.7 5.8 5.6
2015 5.7 5.5 5.4 5.4 5.6 5.3 5.2 5.1 5.0 5.0 5.1 5.0
2016 4.9 4.9 5.0 5.0 4.8 4.9 4.8 4.9 5.0 4.9 4.7 4.7
2017 4.7 4.6 4.4 4.4 4.4 4.3 4.3 4.4 4.2 4.1 4.2 4.1
2018 4.1 4.1 4.0 4.0 3.8 4.0 3.8 3.8 3.7 3.8 3.7 3.9
2019 4.0 3.8 3.8 3.6 3.6 3.7 3.7 3.7 3.5 3.6 3.5 3.5
2020 3.6 3.5 4.4 14.7
Chart: Reprinted from U.S. Bureau of Labor Statistics https://data.bls.gov/timeseries/LNS14000000

Friday, June 5, 2020


Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline sharply.

This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note.

Household Survey Data

The unemployment rate declined by 1.4 percentage points to 13.3 percent in May, and the number of unemployed persons fell by 2.1 million to 21.0 million. Reflecting the effects of the coronavirus pandemic and efforts to contain it, the unemployment rate and the number of unemployed persons are up by 9.8 percentage points and 15.2 million, respectively, since February. (See table A-1. For more information about how the household survey and its measures were affected by the coronavirus pandemic, see the box note at the end of the news release.)

Among the major worker groups, the unemployment rates declined in May for adult men (11.6 percent), adult women (13.9 percent), Whites (12.4 percent), and Hispanics (17.6 percent). The jobless rates for teenagers (29.9 percent), Blacks (16.8 percent), and Asians (15.0 percent) showed little change over the month. (See tables A-1, A-2,  and A-3.)

The number of unemployed persons who were on temporary layoff decreased by 2.7 million in May to 15.3 million, following a sharp increase of 16.2 million in April. Among  those not on temporary layoff, the number of permanent job losers continued to rise, increasing by 295,000 in May to 2.3 million. (See table A-11.)

In May, the number of unemployed persons who were jobless less than 5 weeks decreased by 10.4 million to 3.9 million. These individuals made up 18.5 percent of the unemployed. The number of unemployed persons who were jobless 5 to 14 weeks rose by 7.8 million to 14.8 million, accounting for about 70.8 percent of the unemployed. The number of long-term unemployed (those jobless for 27 weeks or more), at 1.2 million, increased by 225,000 over the month and represented 5.6 percent of the unemployed.  (See table A-12.)

The labor force participation rate increased by 0.6 percentage point in May to 60.8 percent, following a decrease of 2.5 percentage points in April. Total employment, as measured by the household survey, rose by 3.8 million in May to 137.2 million,  following a large decline in April. After an 8.7 percentage-point decline in April, the employment-population ratio rose by 1.5 percentage points to 52.8 percent in May. (See table A-1.)

In May, the number of persons who usually work full time increased by 2.2 million to 116.5 million, and the number who usually work part time rose by 1.6 million to 20.7 million. Part-time workers accounted for about two-fifths of the over-the-month employment growth. (See table A-9.)

The number of persons employed part time for economic reasons, at 10.6 million,  changed little in May, but is up by 6.3 million since February. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs. This group  includes persons who usually work full time and persons who usually work part time. (See table A-8.)

The number of persons not in the labor force who currently want a job, at 9.0  million, declined by 954,000 in May, after increasing by 4.4 million in April. These individuals were not counted as unemployed because they were not actively looking  for work during the last 4 weeks or were unavailable to take a job. (See table A-1.)

Persons marginally attached to the labor force--a subset of persons not in the labor force who currently want a job--numbered 2.4 million in May, little different from  the prior month. These individuals were not in the labor force, wanted and were  available for work, and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. Discouraged workers, a  subset of the marginally attached who believed that no jobs were available for them, numbered 662,000 in May, also little changed from the previous month. (See Summary  table A.)

Establishment Survey Data

Total nonfarm payroll employment increased by 2.5 million in May, reflecting a  limited resumption of economic activity that had been curtailed due to the coronavirus pandemic and efforts to contain it. Employment fell by 1.4 million and 20.7 million, respectively, in March and April. Despite the over-the-month increase, nonfarm  employment in May was 13 percent below its February level. Large employment increases occurred in May in leisure and hospitality, construction, education and health services, and retail trade. Government employment continued to decline sharply. (See table B-1. For more information about how the establishment survey and its measures were affected by the coronavirus pandemic, see the box note at the end of the news release.)

In May, employment in leisure and hospitality increased by 1.2 million, following losses of 7.5 million in April and 743,000 in March. Over the month, employment in food  services and drinking places rose by 1.4 million, accounting for about half of the gain in total nonfarm employment. May's gain in food services and drinking places followed steep declines in April and March (-6.1 million combined). In contrast, employment in the accommodation industry fell in May (-148,000) and has declined by 1.1 million since February.

Construction employment increased by 464,000 in May, gaining back almost half of  April's decline (-995,000). Much of the gain occurred in specialty trade contractors (+325,000), with growth about equally split between the residential and nonresidential components. Job gains also occurred in construction of buildings (+105,000), largely in residential building.

Employment increased by 424,000 in education and health services in May, after a  decrease of 2.6 million in April. Health care employment increased by 312,000 over the month, with gains in offices of dentists (+245,000), offices of other health  practitioners (+73,000), and offices of physicians (+51,000). Elsewhere in health care, job losses continued in nursing and residential care facilities (-37,000) and hospitals (-27,000). Employment increased in the social assistance industry (+78,000), reflecting increases in child day care services (+44,000) and individual and family services  (+29,000). Employment in private education rose by 33,000 over the month.

In May, employment in retail trade rose by 368,000, after a loss of 2.3 million in April. Over-the-month job gains occurred in clothing and clothing accessories stores  (+95,000), automobile dealers (+85,000), and general merchandise stores (+84,000). By contrast, job losses continued in electronics and appliance stores (-95,000) and in  auto parts, accessories, and tire stores (-36,000).

Employment increased in the other services industry in May (+272,000), following a  decline of 1.3 million in April. About two-thirds of the May increase occurred in  personal and laundry services (+182,000).

In May, manufacturing employment rose by 225,000, with gains about evenly split between the durable and nondurable goods components. In April, manufacturing employment declined by 1.3 million, with about two-thirds of the loss occurring in the durable  goods component. Within durable goods, employment gains in May were led by motor vehicles and parts (+28,000), fabricated metal products (+25,000), and machinery  (+23,000). Within nondurable goods, job gains occurred in plastics and rubber products (+30,000) and food manufacturing (+25,000).

Professional and business services added 127,000 jobs in May, after shedding 2.2 million jobs in April. Over the month, employment rose in services to buildings and dwellings (+68,000) and temporary help services (+39,000), while employment declined in management of companies and enterprises (-22,000).

Financial activities added 33,000 jobs over the month, following a loss of 264,000 jobs in April. In May, employment gains occurred in real estate and rental and leasing (+24,000) and in credit intermediation and related activities (+7,000).

Wholesale trade employment was up by 21,000 in May, largely reflecting job gains in its nondurable goods component (+13,000). In April, wholesale trade employment declined by 383,000.

In May, employment continued to decline in government (-585,000), following a drop of 963,000 in April. Employment in local government was down by 487,000 in May. Local government education accounted for almost two-thirds of the decrease (-310,000),  reflecting school closures. Employment also continued to decline in state government (-84,000), particularly in state education (-63,000).

Employment in information fell by 38,000 in May, following a decline of 272,000 in April.

Mining continued to lose jobs in May (-20,000), with most of the decline occurring in support activities for mining (-16,000). Mining employment has declined by 77,000 over  the past 3 months.

Employment in transportation and warehousing decreased in May (-19,000), after an April decline of 553,000. Air transportation lost 50,000 jobs over the month, following a  loss of 79,000 jobs in April. In May, employment rose by 12,000 in couriers and  messengers and 10,000 in transit and ground passenger transportation.

In May, average hourly earnings for all employees on private nonfarm payrolls fell by 29 cents to $29.75, following a gain of $1.35 in April. Average hourly earnings of  private-sector production and nonsupervisory employees decreased by 14 cents to $25.00 in May. The decreases in average hourly earnings largely reflect job gains among lower-paid workers; this change put downward pressure on the average hourly earnings estimates. (See tables B-3 and B-8.)

The average workweek for all employees on private nonfarm payrolls increased by 0.5 hour to 34.7 hours in May. In manufacturing, the workweek rose by 0.8 hour to 38.9 hours, and overtime increased by 0.3 hour to 2.4 hours. The average workweek for production and  nonsupervisory employees on private nonfarm payrolls increased by 0.6 hour to 34.1 hours. While employees in most industries saw an increase in their workweeks in May, the employment changes, especially in industries with shorter workweeks, complicate monthly comparisons of the average weekly hours estimates. (See tables B-2 and B-7.)

The change in total nonfarm payroll employment for March was revised down by 492,000, from -881,000 to -1.4 million, and the change for April was revised down by 150,000, from -20.5 million to -20.7 million. With these revisions, employment in March and  April  combined was 642,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last  published estimates and from the recalculation of seasonal factors. A methodological change to the establishment survey's birth-death model contributed to the revision for March. For more information, see the box note at the end of the news release.) After revisions, job losses have averaged 6.5 million per month over the past 3 months.

The Employment Situation for June is scheduled to be released on Thursday, July 2, 2020, at 8:30 a.m. (EDT).

Coronavirus (COVID-19) Impact on May 2020 Establishment and Household Survey Data                                                                                 
 Data collection for both surveys was affected by the coronavirus (COVID-19) pandemic. In the establishment survey, approximately one-fifth of the data is collected at four regional data collection centers. Although these centers were closed, about three-quarters of the interviewers at these centers worked remotely to collect data by telephone. Additionally, BLS encouraged businesses to report electronically. The collection rate for the establishment survey in May was 69 percent, slightly lower than collection rates prior to the pandemic. The household survey is generally     collected through in-person and telephone interviews, but personal interviews were not conducted for the safety of interviewers and respondents. The household survey esponse rate, at 67 percent, was about 15 percentage points lower than in months prior to the pandemic.                               
In the establishment survey, workers who are paid by their employer for all or any part of the pay period including the 12th of the month are counted as employed, even if they were not actually at their jobs. Workers who are temporarily or permanently absent from their jobs and are not being paid are not counted as employed, even if they are continuing to receive benefits.                         
The estimation methods used in the establishment survey were the same for May as they were for April. However, after further research, BLS extended the modifications that were made to the April birth-death model back to March, which accounted for a portion of the revision to March data. For more information, see www.bls.gov/cps/employment-situation-covid19-faq-may-2020.pdf.          
 In the household survey, individuals are classified as employed, unemployed, or not in the labor force based on their answers to a series of questions about their activities during the survey reference week (May 10th through May 16th). Workers who indicate they were not working during the entire survey reference week and expect to be recalled to their jobs should be classified as unemployed on temporary layoff. In May, a large number of persons were classified as unemployed on temporary layoff.   
However, there was also a large number of workers who were classified as employed but absent from work. As was the case in March and April, household survey interviewers were instructed to classify employed persons absent from work due to coronavirus-related business closures as unemployed on temporary layoff. However, it is apparent that not all such workers were so classified. BLS and the Census Bureau are investigating why this misclassification error continues to occur and are taking additional steps to address the issue.                    
If the workers who were recorded as employed but absent from work due to "other reasons" (over and above the number absent for other reasons in a typical May) had been classified as unemployed on temporary layoff, the overall unemployment rate would have been about 3 percentage points higher than reported (on a not seasonally adjusted basis). However, according to usual practice, the data from the household survey are accepted as recorded. To maintain data integrity, no ad hoc actions are taken to reclassify survey responses.                       
More information is available at www.bls.gov/cps/employment-situation-covid19-faq-may-2020.pdf.          


Donald J. Trump for President, Inc.
June 5, 2020

Trump campaign statement on explosive job growth in May

“The great American comeback is underway after the economy was artificially interrupted by the global pandemic.  Doomsday economists had predicted a loss of 8.5 million jobs in May, but the economy roared back and added 2.5 million jobs instead, thanks to President Trump’s leadership and the solid foundation his policies have laid.  Sadly, Democrat leaders in blue states have kept the economy from reopening for all Americans, preventing everyone from sharing in the economic rebirth as the people most heavily impacted by COVID are not yet seeing improvement. Incredibly, Joe Biden is counting on more economic pain for Americans so he can capitalize on it politically.  It is disgusting and sad that Biden and the Democrats are openly worrying that America will get back to work because it would be bad news for them.”

Republican National Committee Research Briefing
June 5, 2020

America Is Bouncing Back

Many Experts Expected Job Losses To Peak This Month, But Thanks To President Trump’s Economic Leadership America Is Getting Back To Work



Economist were bracing for another “devastating blow” in May, as economists predicted the U.S. would lose another 8.5 million jobs.

But due to President Trump’s efforts to save jobs and reopen the economy, the U.S. labor market added 2.5 million jobs in May, including 225,000 manufacturing jobs and 464,000 construction jobs.

The May jobs gain was the biggest one-month jobs surge in U.S. history

A significant share of these gains went to minorities with African Americans adding nearly 300,000 new jobs and Hispanic Americans adding more than 650,000 new jobs.


Many experts expected job losses to continue, but thanks to President Trump’s leadership the worst of the economic crisis caused by coronavirus may be behind us.

May’s numbers showed the U.S. “may well be on the road to recovery” after its fastest plunge in history.

Economists say that the turnaround was a result of reopening efforts pushed by President Trump and the successful Paycheck Protection Program.

The Washington Post’s Heather Long: “PPP loans did help bring workers back.”

Fox Business: The PPP Program “Was key to this quick rebound.”

Tony Bedikian, head of global markets at Citizens Bank: “the overall U.S. economy may have turned a corner, as evidenced by the surprise job gains today.”

Fox Business’ Stuart Varney: “The recovery is obviously a lot stronger & faster than anyone thought.”


CNBC hailed this morning’s jobs report as “great news,” noting that lifting the lockdown orders clearly had an impact.

Fox Business’ Edward Lawrence: “This is an amazing job report.”

NBC News on today’s jobs report: “Wow,” “much better than expected.”

CNBC Headline: “May Sees Biggest Jobs Increase Ever Of 2.5 Million As Economy Starts To Recover From Coronavirus.”

Business Insider Headline: “US Shocks Economists By Adding 2.5 Million Jobs In May As Unemployment Declines To 13.3%.”

NBC News Headline: “Unemployment Rate Falls To 13.3 Percent As Economy Gains Surprise 2.5 Million Jobs Despite Coronavirus.”

CNN Headline: “America's Unemployment Rate Falls To 13.3% As Economy Posts Surprise Job Gains.”

The Washington Post Headline: “Unemployment Rate Drops To 13 Percent, As The Economy Picked Up Jobs As States Reopened.”

The Hill Headline: “In Surprise, Unemployment Rate Falls, Economy Adds Jobs.”

Fox Business Headline: “Unemployment Rate Drops To 13.3% In May, Signaling Return Of US jobs.”

NPR Headline: “May Surprise: U.S. Adds 2.5 Million Jobs As Unemployment Dips To 13.3%.”

Click Here For The Briefing

Americans for Limited Government
For Immediate Release                   Contact: Robert Romano
June 5, 2020                                   

Great news: America's job resurgence started in May

June 5, 2020, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement on the latest jobs numbers:

"Today's employment numbers confirm that we've turned the corner on the Chinese originated virus economic disaster. More people are working, more people are in the workforce, and America is reopening. This is great news for the millions of Americans who fear that they may not have a job to return to. It is also a confirmation of President Trump's emphasis on supporting small and mid-sized businesses that were either shut down or damaged as a result of the Covid-19 response. In two weeks, we will see the impact on a state-by-state basis of reopening economies and we'll be able to compare Covid-19 case numbers over the last month and a half with state reopening data and employment results. It is easy to predict that those states which have been more aggressive in reopening while maintaining basic safety standards will show maximum growth with very little disease impact.

"It is time to www.ReopenAmericaNow.org, and truly kick our economy back into high gear."

Democratic National Committee
June 5, 2020

DNC on May Jobs Report

DNC Chair Tom Perez released the following statement on the May Jobs Report:

“We are in the largest unemployment crisis since the Great Depression. 21 million Americans are unemployed, and one-fifth of the American workforce has lost work or given up on trying to find a job. And Trump says he is joyous? Families are struggling, hospitals are overwhelmed, businesses have shut down for good, and Americans are dying every day—all of this was preventable. 

“If Trump had taken bold action instead of delaying, denying, and ignoring the advice of public health experts, he could have saved lives and jobs. Now the American people are suffering the consequences of his incompetence. Hispanic and African American unemployment are still near record highs. And all of this in the backdrop of a terrible public health crisis that is disproportionately impacting Black Americans and national civil unrest over police violence against Black communities. Just as Black Americans can’t breathe under the weight of police brutality, they also can’t breathe under the weight of Trump’s massive failure of leadership during this pandemic.

"Democrats are the only party in Washington advocating for more relief for everyday Americans. That’s why we need to send Joe Biden to the White House. We need a president with empathy and experience to heal our nation and move us forward, not a demagogue who tear gasses his own citizens for a photo-op. We need a president of compassion and courage, not a Twitter-obsessed narcissist who is more worried about his poll numbers than American lives. We need Joe Biden.”

Biden for President
June 5, 2020

Remarks as Prepared for Delivery by Vice President Joe Biden on the Economy and Jobs Report in Dover, Delaware

Good afternoon.

Before I speak to the economic situation, I have to take a moment to address something the President said this morning.

Toward the end of his remarks today, Donald Trump said he hopes that George Floyd “is looking down and seeing this is a great day for our country.”

He was speaking of a man who was brutally killed by an act of needless violence — and by a larger tide of injustice — that has metastasized on this President’s watch.

George Floyd’s last words — “I can’t breathe, I can’t breathe” — have echoed across our nation.

For the President to try to put any other words in the mouth of George Floyd — is frankly despicable.

And, the fact that he did so on a day when Black unemployment rose and black youth unemployment skyrocketed — tells you everything you need to know about who this man is and what he cares about.

Today, like all Americans, I was glad to see that two-and-a-half million Americans have gotten their jobs back.

For those families, that’s a sigh of relief.

And for all of us, it’s a reminder of the resilience of the American people.

To those Americans, I’m so proud of you, and so happy for you and your families.

I was disturbed, however, to see the President crowing this morning — basically hanging a
“mission accomplished”’ banner when there is so much work to be done — and so many Americans are still hurting.

More than twenty million Americans — one out of every seven U.S. workers — are still out of work.

For an enormous swath of our country, their dreams are still on hold. They are still struggling to put food on the table. The unemployment rate remains the highest it’s been in nearly a century.

As I said, Black unemployment went up this month. Latino youth unemployment jumped to over 37 percent. Hispanic unemployment overall is four times higher than it was before the President botched his response to the pandemic. And I’m worried, when you look deeper at the data, that while temporary layoffs went down,permanent layoffs went up.

Donald Trump still doesn’t get it.

He’s out there spiking the football — completely oblivious to the tens of millions of people who are facing the greatest struggle of their lives. Those folks aren’t feeling any less pain today than they were yesterday.

People who’ve lost their health care in this crisis, they’re not celebrating today — especially when Donald Trump is still in court fighting to strip away health care protections from even more Americans. 

The fact is, there are about 13 million less jobs today for American workers than the day that President Obama and I left office.

So while it’s wonderful to see ten percent of the families who lost their jobs due to Trump’s disastrous pandemic response start to make their way back — the President’s behavior makes me deeply worried for the 90 percent who haven’t.

So to all those families — who are scared, and hurting, and wondering what’s going to happen next: I want you to know I see you. I won’t ever forget you. And I won’t be satisfied – until this economy starts working for all of you.

Let’s be clear about something. The depth of this job crisis is not attributable to an act of God — but to the failure of a President. The truth is every country dealt with job losses due to the pandemic, but America was hit much harder out of the gate due to Trump’s complete mismanagement of the response.

This morning, he tried to compare our response to Germany’s and South Korea’s.

Okay, let’s compare. Germany has one-third of the deaths per capita that we do. South Korea has less than 300 deaths — total. America has four percent of the world’s population — and more than a quarter of the world’s deaths from this pandemic.

It’s no secret why that is.

Let’s get something straight: he did not act quickly. 

For months, he downplayed the threat — falsely promising us that anyone could get a test — and claiming that “like a miracle it will disappear.”

He repeatedly praised China’s containment response - despite a litany of public appeals — including from me — not to bet American lives and the U.S. economy on the word of the Chinese government.

He refused to take action to get adequate testing in place — allowing the virus to spread further than it should have.

Columbia University found that 54,000 lives could have been saved if the administration had acted just two weeks earlier.

His failure didn’t just cost lives. It cost jobs.

New studies this week from Moody’s and Brookings confirm that half or more of those who lost their jobs would still be employed had Trump mounted a competent response like Germany and South Korea and other countries did.

We know why this happened. Donald Trump was more focused on the stock wealth of the biggest corporations than he was on the well-being of the American people.

It’s why he had his top economic advisors telling people to buy stocks instead of preparing our nation to brace for the pandemic. 

Now — after 110,000 deaths and more than 20 million people still out of work — the consequences are clear.

We are still facing devastating unemployment, an historic health crisis, and a continuing crisis
of violence, injustice, and indignity that is devastating Black Americans and diminishing the soul of our country.

These are some of the sternest challenges our nation has ever faced, and Trump is patting himself on the back. 

He just has no idea what’s really going on in this country. He has no idea the depth of pain that people are facing. He remains completely oblivious to the human toll of his indifference. It is time for him to step out of his bunker and take a look around at the consequences of his words and actions.

Let’s be clear — a president who takes no responsibility for costing millions and millions of Americans their jobs deserves no credit when a fraction of them return. 

But there’s a deeper concern here. As we recover, some of the temporary job losses we are still not on track to grow back in a way that will actually serve working people.

President Trump is still rewarding wealth over work.

All we hear coming out of the White House is calls for more tax cuts for big investors and big corporations. Well, they didn’t build this country. The middle class did — that’s who I fight for.

And if Trump continues to put the interests of CEOs and shareholders ahead of American workers, we’ll never get to where we need to be as a country.

Look, every American has a choice to make this November. Not simply what kind of President we want , but what kind of country we want. What kind of economy we want — and who that economy serves.

In the coming weeks, I will lay out in detail my comprehensive plan— not just to build things back to the way they were before COVID-19, but to build back better.

To create millions of new, good-paying jobs with benefits where people get a fair return for work and we make our country stronger, more resilient, and more just.

That plan will be anchored in job-creating investments, in small businesses, infrastructure -
innovation, manufacturing, and caregiving, and in rewiring the faulty structures of our economy to ensure the dignity and equity of all American workers.

The public health crisis, the job crisis, and the crisis of inequity and indignity being endured by African Americans — those three challenges are deeply connected to one another.

The solutions must be, as well.

Any economic plan must start with a public health plan to make sure tests are available, to get our society functioning, to build back the confidence we need to truly bring back jobs and small businesses.

But that is only the first step.

My jobs plan will also be about restoring dignity to the American people.

In addition to pursuing badly-needed reforms, we need to be growing wages, leveling the playing field, and creating tens of millions of the new jobs we need to build a better American future.

There is a monumental amount of work to do to repair the damage that has been done. And simply tweeting slogans like “transition to greatness” won’t solve anything for families who are hurting.

I look forward to introducing and implementing a real jobs plan that will meet this challenging moment.

Americans can’t afford to have any more of their time wasted.

They need an economy that works for them — now.

They need jobs that bring dignity — now.

They need equal justice — and equal opportunities — now.

They need a president who cares about them, and cares about helping them heal — now.

Thank you.

God bless you — and may God protect our troops.