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May unemployment rate comes in at 13.3%, better than the 19.5% expected
Posted on 6/5/20 at 7:41 am
Posted on 6/5/20 at 7:41 am
quote:
Employment unexpectedly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand.
Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.333 million and the unemployment rate to rise to 19.5% from April’s 14.7%.
The May gain was by far the biggest one-month jobs gain in U.S. history since at least 1939.
LINK
Posted on 6/5/20 at 7:43 am to OleWarSkuleAlum
Well....this was unexpected. Opening the country back up seems to flip-the-switch more than we thought?
Posted on 6/5/20 at 7:45 am to lynxcat
quote:
Well....this was unexpected. Opening the country back up seems to flip-the-switch more than we thought?
Not to those of us that were rational about it. We said it would be a deep-V recovery despite all the doomcasting.
This post was edited on 6/5/20 at 7:45 am
Posted on 6/5/20 at 8:08 am to OleWarSkuleAlum
quote:
OleWarSkuleAlum
quote:
things are never as good, nor as bad as they seem
Posted on 6/5/20 at 8:10 am to OleWarSkuleAlum
Democrats are not going to be happy about this.
Time to get the protesters off the streets and shut the economy down again.
Time to get the protesters off the streets and shut the economy down again.
Posted on 6/5/20 at 8:27 am to TigerDeBaiter
I could see this being a push in 2 weeks.
Posted on 6/5/20 at 8:28 am to TigerDeBaiter
quote:
Democrats are not going to be happy about this.
Time to get the protesters off the streets and shut the economy down again.
bayoubengals88 onsuicide watch!!!
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