The creation of only 38,000 new non agricultural jobs in May was described as disappointing, compared to the monthly average of 230,000 jobs created during last year. The unemployment rate decreased to 4.7 percent in May, from 5 percent in April, due to a decline in the labor force, since 458, 000 persons ceased looking for a job.
Disappointing
“The U.S. federal funds interest rate will not change at the next meeting of the central bank’s Federal Open Market Committee on June 14-15.”
Por:Isaac Cohen
Janet L. Yellen concludes her speech on economic outlook
Imagen Jessica Kourkounis/Getty Images
Despite a near universal desire for an end to Venezuela’s manmade disaster, sending in U.S forces to take out the Maduro regime would be counter-productive. It should be categorically rejected by interim president Juan Guaidó, not to mention the Trump administration.
The firing of undocumented workers at Trump's golf clubs just shows how the practice of employing immigrants without legal work papers is much more common than we might imagine. Such is life in the United States.
The Trump administration should be wary of fueling fake news predictions about an imminent American invasion which unrealistically raises expectations about Maduro's removal.
At some point we will have to accept the fact that the border between Mexico and the United States is nothing more than an invention.
The United States has had a major role in the evolving drama of the fight for democracy in Venezuela and Nicaragua. And so far, it’s been surprisingly coordinated, a veritable model of multilateralism.
Has the Maduro regime reached breaking point? It remains hard to say, but tomorrow is another - more hopeful - day for the restoration of democracy in the South American nation.
It’s impossible to get into Trump’s head but what comes out of his mouth are racist remarks. But, saddest of all are the millions who tolerate his views, cheer him on and emulate his behavior.
The time is well past due for the U.S. government to conduct a thorough review of leaders and their senior colleagues before they leave office to determine if they merit visas.
However, the figures were received with a sigh of relief because they indicate that the U.S. federal funds interest rate will not change at the next meeting of the central bank’s Federal Open Market Committee, in Washington on June 14-15.
One week before that meeting, Federal Reserve Chairwoman Janet Yellen, in a speech at the World Affairs Council of Philadelphia, described the turbulence in world financial markets and the first quarter slowdown in the U.S. economy, as the factors which led to the decision of keeping interest rates unchanged in January, March and April. Now, recent employment figures, Chairwoman Yellen said, raise new questions about the economic outlook. Such as if the figures may be indicative of a persistent slowdown, or if the decrease of the unemployment rate in May indicates full employment has been reached.
Answers to some of these questions will have to wait until new data is available, before the following meeting of the Open Market Committee, scheduled for July 26-27.
Disclaimer: We selected this Op-Ed to be published in our opinion section as a contribution to public debate. The views and opinions expressed in this column are those of its author(s) and/or the organization(s) they represent and do not reflect the views or the editorial line of Univision Noticias.
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