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CNBC: Stocks rise after better-than-expected jobs report to close out winning week
Posted on 7/2/20 at 5:37 pm
Posted on 7/2/20 at 5:37 pm
Some good news for those of you that need a distraction from Covid, the Marxist cancel culture, and the radicals tearing down monuments and statues.
The rebound from the Covid shutdown appears to be in full swing.
quote:
Stocks rise after better-than-expected jobs report to close out winning week
LINK
Wall Street started the session with sharp gains after the government reported that a record 4.8 million jobs were created in June. Economists were expecting 2.9 million jobs were created. The unemployment rate fell to 11.1% from 13.3% in May. Economists were expecting a rate of 12.4%, according to Dow Jones.
“Another major surprise here in terms of market expectations,” said Christian Scherrmann, U.S. economist at DWS. “What we’ve seen in May and June is a blueprint for a fast recovery, but only once the virus situation is under control.”
Last month, economists forecast a loss of 8 million jobs in May and the economy gained 2.5 million payrolls instead.
The rebound from the Covid shutdown appears to be in full swing.
This post was edited on 7/2/20 at 5:38 pm
3
Posted on 7/2/20 at 5:38 pm to goofball
second wave lurks
Posted on 7/2/20 at 5:39 pm to DVinBR
quote:
second wave lurks
Mostly people ages 20-40. The protests and riots spread it - but for the most part it's to healthy people.
We need to keep the elderly and at-risk isolated but continue reopening the economy to the rest of us.
Posted on 7/2/20 at 5:40 pm to DVinBR
quote:
second wave lurks
Of economic explosion maybe
Posted on 7/2/20 at 6:08 pm to goofball
Good news and happy for everyone profiting from the rise. People need to relax. The damn idiots are gonna fizzle out like they always do. It’s hot as hell outside now. You think a bunch of F’in losers who can’t hold a damn job are gonna hang around outside in the damn heat, humidity without their free goodies? Why hell no they aren’t. They are all totally ignorant and full of themselves but the big ole wide world will swallow them up soon enough. None of them have ever won at anything in their miserable lives. And I am gonna sit back and enjoy every damn minute of it. Just wait and see
Posted on 7/2/20 at 6:09 pm to idlewatcher
quote:
Of economic explosion maybe
Progressive mayors and governors will try to clamp down on this.
Posted on 7/2/20 at 6:12 pm to goofball
This is bullshite. We need to shut this shite back down with the quickness.
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