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.

As it turned out, May's numbers showed the U.S. may well be on the road to recovery after its fastest plunge in history.

"It seems the damage from the nationwide lockdown was not as severe or as lasting as we feared a month ago," said Scott Clemons, chief investment strategist at Brown Brothers Harriman.

The stock market roared higher following the report as the Dow Jones Industrial Average gained 800 points as of 11 a.m. ET. Government bond yields raced higher as well, with the benchmark 10-year Treasury most recently at 0.91%.

President Donald Trump expressed pleasure at the report, directing two tweets to CNBC.
The May gain was by far the biggest one-month jobs surge in U.S. history since at least 1939. The only previous month to register more than a million jobs was September 1983, at 1.1 million.


https://www.cnbc.com/amp/2020/06/05/jobs-report-may-2020.html?__twitter_impression=true

I know say na US news


Good one, OP

God be Praised ..AbbeyBailey come celebrate with me

the 40 million out of jobs nko

Goke7:
the 40 million out of jobs nko

They were out of jobs because the Economy was locked down in 90 days after the Economy opens they will all have their jobs

okay

God bless President Donald J. Trump

Ogonimilitant:
God bless President Donald J. Trump

God bless him

FarahAideed:


They were out of jobs because the Economy was locked down in 90 days after the Economy opens they will all have their jobs

amen

Nice one

FarahAideed:
God be Praised ..AbbeyBailey come celebrate with me

42 million people lost their jobs and only 2.5 million got it back and you are celebrating. Don't for get that unemployment rate is still at 13.3%. That's very high in America. It was less than 5% when Trump was sworn in on Jan 20, 2017. So many of those millions of jobs are gone forever. We will kick Trump out on Nov 3rd and he knows that too.

gh

Abbeybailey:
42 million people lost their jobs and only 2.5 million got it back and you are celebrating. Don't for get that unemployment rate is so to 13.3%. That's very high in America. It was less than 5% when Trump was sworn in on Jan 20, 2017. So many of those millions of job as are gone forever. We will kick Trump out on Nov 3rd and he knows that too.

and less than 4% before covid

joyandfaith:


and less than 3% before covid

It's not less than 3% . It's 3.5% . It makes no difference what brought the unemployment rate up, Americans hold their president responsible. Don't forget that 110.000 Americans dead of Trumpvirus and the debt is over $3 Trillion and there's chaos all over the land. Nov 3rd on my mind.

Abbeybailey:
It's not less than 3% . It's 3.5% . It makes no difference what brought the unemployment rate up, Americans hold their president responsible. Don't forget that 110.000 Americans dead of Trumpvirus and the debt is over $3 Trillion and there's chaos all over the land. Nov 3rd on my mind.

is trump also causes of covid deaths in Italy, Spain and UK ?

joyandfaith:


is trump also causes of covid deaths in Italy, Spain and UK ?

I don't give a fvck about Italy, Spain nor UK, I am an American and that's my concern.

Abbeybailey:
I don't give a fvck about Italy, Spain nor UK, I am an American and that's my concern.

Something thing for your royal painment again Abbey

Abbeybailey:
I don't give a fvck about Italy, Spain nor UK, I am an American and that's my concern.

what do you think he could have done to prevent covid deaths?

FarahAideed:


Something thing for your royal painment again Abbey

You better get off the drug you are sniffing. It's not 40% of African Americans votes it's 96%. He will be lucky if he gets 4% of African Americans votes in Nov. We don't vote for a vile racist.

[s]

Abbeybailey:
It's not less than 3% . It's 3.5% . It makes no difference what brought the unemployment rate up, Americans hold their president responsible. Don't forget that 110.000 Americans dead of Trumpvirus and the debt is over $3 Trillion and there's chaos all over the land. Nov 3rd on my mind.

[/s] shut up dummy, nixon won reelection during riots too. You mean the inflated numbers. How come the people dead are in the dnc states. americans are not stupid,they know he is not responsible. carry your stupid lies commot for here.

joyandfaith:

what do you think he could have done to prevent covid deaths?

I am done with you. Bye and have a good day.

yoruba1914:
[s][/s] shut up dummy, nixon won reelection during riots too. You mean the inflated numbers. How come the people dead are in the dnc states. americans are not stupid,they know he is not responsible. carry your stupid lies commot for here.

Who is this coon from the cave.

Abbeybailey:
You better get off the drug you are sniffing. It's not 40% of African Americans votes it's 96%. He will be lucky if he gets 4% of African Americans votes in Nov. We don't vote for a vile racist.

yimu who dash u. E only needs the college votes to win. your imaginary vote is a waste

Abbeybailey:
Who is this coon from the cave.

them don deny this one visa. He come dey wail here. Guy trump is not the reason why your life is in shambles

yoruba1914:
yimu who dash u. E only needs the college votes to win. your imaginary vote is a waste

Why don't you go look for your immigration job instead of wasting your time about a country you know nothing about. The racist pig don't like your type. If you don't believe me, when the US Embassy opens, go there and apply for a visa and you will see how quickly they will tell you no.

yoruba1914:
them don deny this one visa. He come dey wail here. Guy trump is not the reason why your life is in shambles

Obviously, you are a sick guy. An American by birth I am.

Abbeybailey:
Obviously, you are a sick guy. An American by birth I am.

haha american,everybody na american for Nl Me too i am from CA and i am voting for trump.

[s]

Abbeybailey:
Why don't you go look for your immigration job instead of wasting your time about a country you know nothing about. The racist pig don't like your type. If you don't believe me, when the US Embassy opens, go there and apply for a visa and you will see how quickly they will tell you no.

[/s]guy run o. If ICE catch you. Them go deport you o.

yoruba1914:
haha american. Me too i am from CA and i am voting for trump.

Begging to get immigration job in Nigeria from Cali. Go and sleep liar.

Abbeybailey:
Begging to get immigration job in Nigeria from Cali. Go and sleep liar.

so you cannot counter my points, you had to check my profile, guy you must have an IQ OF A SINGLE DIGIT. BYE