172,000 non-farm jobs added in May
172,000 non-farm jobs were added in May, estimates were for 85,000. Trump was right about everything. The sooner these idiots realize that, the sooner everyone will be feeling…and doing, better. Unemployment remains at 4.3 percent.
CFNAI increased in April
The Chicago Fed National Activity Index (CFNAI) increased to +0.14 in April from -0.15 in March. Two of the four broad categories of indicators used to construct the index increased from March. And two categories made positive contributions in April. The index’s three-month moving average (CFNAI-MA3), increased to +0.03 in April from +0.02 in March.
Texas Manufacturing Outlook Survey reports manufacturing output growth decelerated in May
The Federal Reserve Bank of Dallas released its Texas Manufacturing Outlook Survey results and reports manufacturing output growth decelerated in May, according to business executives responding to the survey. The production index, a key measure of state manufacturing conditions, fell 10 points, to 9.4, a reading suggestive of an average pace of output expansion.
Other measures of manufacturing activity remained positive but showed signs of slower growth this month.
Perceptions of broader business conditions were stable in May. The general business activity index edged up three points, to 0.4, with a near-zero reading indicating no change in activity from April.
US raw steel production up from previous week
In the week ending May 30, 2026, US raw steel production was 1,872,000 net tons at an ACUR of 81.1 percent, up 0.1 percent from the previous week ending May 23, 2026. Adjusted YTD production through May 30, 2026, was 38,925,000 net tons at an ACUR of 78.6 percent.
US drill rigs running up from previous week
On June 5, there were 563 drill rigs running in the USA, up one rig from the previous week ending May 29, 2026. Canadian drillers added another 7 rigs, to 169, up 55 rigs from one year ago. Drill baby, drill…
News Headlines
Saturday, June 6 marks the 82nd anniversary of the D-Day invasion of Europe in 1944 on the beaches of Normandy, France. It was the beginning of the end for the nazi terror in Europe. Still to come would be the war in the Pacific against Imperial Japan, who brutally attacked Pearl Harbor. Their payback was a couple of nuclear bombs dropped on Hiroshima and Nagasaki forcing complete and total surrender.
MAKE AMERICA GREAT AGAIN
“KEEP AMERICA GREAT”
Have a great weekend…. God bless America!
Buy American made products whenever you can, it’s good for you, good for your friends and neighbors and good for our country.
If you are hiring…try to hire a veteran…. they are loyal, disciplined, hardworking…and they deserve our support.
By the way, if you wish to comment on my rants or offer any other insights you may have, you are encouraged to email me.
TEDDY ROOSEVELT ON IMMIGRANTS IN AMERICA…1907
In the first place, we should insist that if the immigrant who comes here in good faith becomes an American and assimilates himself to us, he shall be treated on an exact equality with everyone else for it is an outrage to discriminate against any such man because of creed, or birthplace, or origin. But this is predicated upon the person’s becoming in every facet an American and nothing but an American. There can be no divided allegiance here. Any man who says he is an American, but something else also, isn’t an American at all. We have room for but one flag, the American flag…We have room for but one language here and that is the English language…and we have room for but one sole loyalty and that is a loyalty to the American people.”
