May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

CNBC ^ | PUBLISHED FRI, JUN 5 20208:31 AMQQ | Q

[Lazamataz]

• Nonfarm payrolls rose by 2.5 million in May and the unemployment rate fell to 13.3%.
• Wall Street estimates had been for a decline of 8.3 million and a jobless level of 19.5%, which would have been the worst since the Great Depression era.
• Much of the gain came from those classified as temporary layoffs due to the coronavirus-related economic shutdown.
• Leisure and hospitality represented almost half the jobs gained.

  Employment stunningly 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 8.33 million and the unemployment rate to rise to 19.5% from April’s 14.7%. If Wall Street expectations had been accurate, it would have been the worst figure since the Great Depression.

[Lazamataz]

BUT ORANGE MAN BAD!!!!

[EdnaMode]

Trump will win in a landslide if this trend continues.

[left that other site]

All during the quarantine, I saw “HELP WANTED” signs everywhere in SE Massachusetts.

It was one of those things tha make you say “Hmmmmmmmmmmmmm”.

[MattMusson]

The BLS adjusted numbers can be crap. We saw that during Obama’s administration.

However, even if 1/2 the restaurant workers go back to work, the jobs number has to go up.

[Lazamataz]

The Deep State took their best shot, and lost.

Watch for Trumps numbers to soar.

And Trump will remember, and in his second term, crush his enemies.

[GSWarrior]

Jobs for the unemployed? They need handouts from the government, not jobs. Are you a racist or what?

[manc]

CNN downplaying and MSNBC putting into racial groups and saying this is a problem. No surprise.
Could you imagine if you only ever watched CNN, MSNBC you would have no idea what is really going on in this country.
my wife this morning asked me how do you debate someone like that and I told her you don;t as you cannot educate ignorance .

[Lazamataz]

CNN downplaying and MSNBC putting into racial groups and saying this is a problem. No surprise.

At this point, their efforts are so feeble, I will be referring to them as The Feebs.

[gibsonguy]

CNBC is really no better it must have killed them to report this. I’ll bet they black arm bands on.

[null and void]

It's a V shaped recovery!

[Flick Lives]

[Jane Long]

Every outlet showing POTUS speech, except...Fake News CNN...

[Empire_of_Liberty]

Actually, I think most CAN be educated. It requires spankings and no supper. Things start to get through.

You do not argue with a child. The lies become bigger and the tantrums worse. We are witnessing that truth.

[WashingtonSource]

Expecting a loss of 8.33 million jobs but instead we got 2.5 million new jobs!

No wonder the Dow is up over 800 points.

It’s morning in America again and Trump is making American great again.

[mad_as_he$$]

“You do not argue with a child.”

Winner!

[Lazamataz]

Keep
America
Great
Even
If
There
Is a
Pandemic

KAGE ITIP

[Ouchthatonehurt]

“Trump will win in a landslide if this trend continues.”

...and therefore it will not be allowed to.

[goodnesswins]

Wonder what the Dem Supremacists have up their sleeve next?

[Vaduz]

They always hear voices it’s what makes them the way they are.

[TomGuy]

Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%,

Yeah. The main ones stunned were the Dems.