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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
Posted on 06/05/2020 7:43:33 AM PDT by 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 Aprils 14.7%. If Wall Street expectations had been accurate, it would have been the worst figure since the Great Depression.
(Excerpt) Read more at cnbc.com ...
TOPICS: News/Current Events
KEYWORDS: jobs; stockmarket; trumpeconomy
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BUT ORANGE MAN BAD!!!!
1
posted on
06/05/2020 7:43:33 AM PDT
by
Lazamataz
To: Lazamataz
Trump will win in a landslide if this trend continues.
2
posted on
06/05/2020 7:44:43 AM PDT
by
EdnaMode
To: Lazamataz
All during the quarantine, I saw “HELP WANTED” signs everywhere in SE Massachusetts.
It was one of those things tha make you say “Hmmmmmmmmmmmmm”.
3
posted on
06/05/2020 7:45:29 AM PDT
by
left that other site
(If you do not stand firm in your faith, you will not stand at all. (Isaiah 7:9))
To: Lazamataz
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.
4
posted on
06/05/2020 7:47:21 AM PDT
by
MattMusson
(Sometimes the wind blows too much)
To: LS; Travis McGee; The Toll; FreedomPoster
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.
5
posted on
06/05/2020 7:47:22 AM PDT
by
Lazamataz
(China is the single source of evil in the entire world.)
To: Lazamataz
Jobs for the unemployed? They need handouts from the government, not jobs. Are you a racist or what?
6
posted on
06/05/2020 7:48:14 AM PDT
by
GSWarrior
To: Lazamataz
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 .
7
posted on
06/05/2020 7:48:18 AM PDT
by
manc
( If they want so called marriage equality then they should support polygamy too.)
To: manc
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.
8
posted on
06/05/2020 7:51:04 AM PDT
by
Lazamataz
(China is the single source of evil in the entire world.)
To: manc
CNBC is really no better it must have killed them to report this. I’ll bet they black arm bands on.
9
posted on
06/05/2020 7:52:08 AM PDT
by
gibsonguy
To: Lazamataz
It's a V shaped recovery!
10
posted on
06/05/2020 7:53:41 AM PDT
by
null and void
(By the pricking of my lungs, Something wicked this way comes ...)
To: Lazamataz
11
posted on
06/05/2020 7:54:08 AM PDT
by
Flick Lives
(My work's illegal, but at least it's honest. - Capt. Malcolm Reynolds)
To: Lazamataz
Every outlet showing POTUS speech, except...Fake News CNN...
12
posted on
06/05/2020 7:54:08 AM PDT
by
Jane Long
(Praise God, from whom ALL blessings flow.)
To: manc
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.
To: Lazamataz
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.
To: Empire_of_Liberty
“You do not argue with a child.”
Winner!
To: WashingtonSource
Keep
America
Great
Even
If
There
Is a
Pandemic
KAGE ITIP
16
posted on
06/05/2020 7:59:07 AM PDT
by
Lazamataz
(China is the single source of evil in the entire world.)
To: EdnaMode
“Trump will win in a landslide if this trend continues.”
...and therefore it will not be allowed to.
To: Lazamataz
Wonder what the Dem Supremacists have up their sleeve next?
18
posted on
06/05/2020 8:06:54 AM PDT
by
goodnesswins
(Anyone tired of the Chinese Fire Drill (tm) yet???)
To: Lazamataz
They always hear voices it’s what makes them the way they are.
19
posted on
06/05/2020 8:07:38 AM PDT
by
Vaduz
(women and children to be impacIQ of chimpsted the most.)
To: Lazamataz
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.
20
posted on
06/05/2020 8:08:33 AM PDT
by
TomGuy
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