May sees biggest jobs increase
ever of 2.5 million as economy
starts to recover from coronavirus
CNBC,
by
Jeff Cox
Original Article
Posted By: NorthernDog,
6/5/2020 9:25:19 AM
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 8.333 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
Reply 1 - Posted by:
msjena 6/5/2020 9:31:06 AM (No. 433226)
Bad news for Democrats.
39 people like this.
Reply 2 - Posted by:
Quigley 6/5/2020 9:50:22 AM (No. 433259)
The real source of dim anger and violence.
29 people like this.
Reply 3 - Posted by:
TJ54 6/5/2020 9:56:24 AM (No. 433273)
Red States are going back to work while Blue States are still moochering
36 people like this.
Reply 4 - Posted by:
clayusmcret 6/5/2020 10:09:06 AM (No. 433287)
I'm not surprised; not at all. Before the lockdown, Trump allowed businesses to have a positive climate to begin and grow; that was his magic wand (well, that and a spine) that obama couldn't find. Previous administrations had all but broken the backs of small businesses - Trump took as much weight off of them as he could muster as just one guy fighting an unwilling bureaucracy.
When we went into the shutdown, the small business climate was pro-business, pro-jobs. I can't speak for much of the country, but around me out here in flyover country, almost no businesses have gone out of business over the shutdown. Obviously, they went into a painful hibernation but are opening up so quickly that if it weren't for it being talked about on the news I already couldn't tell you it happened. Same goes for small and big towns around the area. The businesses that wanted to reopen have and store lights are on across the area. Now they just have to get all of their staffs back in to work.
Removing all those small-business restrictions was the key even before to getting us going and that same atmosphere will bring us back as quickly as anything could. Only thing standing between us and a full comeback are the democrats and their rampaging militant arm.
31 people like this.
Reply 5 - Posted by:
hershey 6/5/2020 10:22:33 AM (No. 433307)
This must really pizz off the left..Stormy failed, Russia failed, Ukraine failed, fake impeachment failed, the virus failed, the 'lockdown' failed and the economy is roaring back...
38 people like this.
Reply 6 - Posted by:
LC Chihuahua 6/5/2020 10:34:11 AM (No. 433322)
Hope it continues. Think it will. Otherwise many people will be losing their homes and savings. The entire downturn was manufactured thanks to the COVID19 scamdemic. In many ways the downturn wasn't real. There was no real basis for it. The scam wore out. The economy bounced back.
Just beware that the America-hating democrats are still out to destroy the economy. They will do anything to get rid of Trump. Now its riots, and burning down inner cities because the Democrats ordered the police to stand down. Its not over.
22 people like this.
Reply 7 - Posted by:
Crusty_Rusty 6/5/2020 10:35:43 AM (No. 433325)
But, but, but:
What am I going to do with that cave I just bought? And the pails upon pails of dried beans and the bags upon bags of course ground whole grains and the 15 cases of .556mm bullets and all those DVDs on 'How to Survive Armageddon'?
And I'm still stuck with all those Land Mines and Claymores!
Drats! I can only deal with so many False Narratives a year.
Guess I'll just go back to watching Cat and Puppy vids on YT.
BTW: NYSE @ 30K+ by early 4th Qrtr.
PLUS: POTUS has been right ALL ALONG...........
16 people like this.
Reply 8 - Posted by:
ronniethek 6/5/2020 10:37:39 AM (No. 433329)
Old fart Joe just crapped his depends.
15 people like this.
Reply 9 - Posted by:
planetgeo 6/5/2020 11:00:58 AM (No. 433348)
Short version: OrangeManAwesome
26 people like this.
Reply 10 - Posted by:
DVC 6/5/2020 11:32:30 AM (No. 433383)
#7, I'll give you a good price on the Claymores, but that ".556" is way to small for my rifles.
6 people like this.
Reply 11 - Posted by:
DVC 6/5/2020 3:46:47 PM (No. 433644)
And I suppose I should have included the "I'm kidding" for post #10, but I doubt that anyone took it seriously.
4 people like this.
Reply 12 - Posted by:
Mekkkk 6/6/2020 5:35:32 AM (No. 434254)
Thank you Mr. President!
17 people like this.
Reply 13 - Posted by:
Strike3 6/6/2020 6:24:03 AM (No. 434288)
"starts to recover from democrat insanity"
13 people like this.
Reply 14 - Posted by:
Strike3 6/6/2020 6:28:48 AM (No. 434291)
#10, he was referring to those high speed pin rifles that you read about in science fiction books.
3 people like this.
Reply 15 - Posted by:
Lawsy0 6/6/2020 7:24:49 AM (No. 434353)
President Trump does more good for America before he puts his shoes on in the morning! And, he is an early riser.
13 people like this.
Reply 16 - Posted by:
JackBurton 6/6/2020 7:29:11 AM (No. 434358)
Low hanging fruit.
It will take a while for the tens of millions of jobs to return... and to make a tally of the jobs that have been destroyed and must be replaced with new entrepreneurial spirit and dollars.
2 people like this.
Reply 17 - Posted by:
udanja99 6/6/2020 7:45:49 AM (No. 434370)
IOW, President Trumps is...
Making America Great AGAIN!
11 people like this.
That’s why DJT gets FOUR MORE YEARS!
That’s why they’re rioting!
That’s why their media is Baghdad Bob!
That’s why Pelosi is speechless!
That’s why Biden is mumbling again!
That’s why a Landslide in November!
18 people like this.
Reply 19 - Posted by:
bigfatslob 6/6/2020 8:28:33 AM (No. 434433)
Even when the democrats set President Trump up for failure he wins and beats them again. The left's only hope is Joey Badfinger Biden who has promise to kill the economy and ban guns a real winner there.
8 people like this.
Despite the shutdown my college age daughter was able to land a job quickly. The economy is like a dog watching a squirrel through a glass door. He wants to go get the squirrel, and once you open the door he will take off like a shot.
Bad news indeed for the left. Expect them to loudly proclaim every new covid case as proof that orange man wants people to die just so his rich friends can get richer.
8 people like this.
Reply 21 - Posted by:
Kafka2 6/6/2020 12:47:00 PM (No. 434910)
The next thing to look for is a drop in deaths from suicides, drug overdoses, and other untreated diseases. Of coarse, these will still be a problem in cities and states still in lock down.
8 people like this.
Reply 22 - Posted by:
Dodge Boy 6/6/2020 2:22:59 PM (No. 435013)
MAGA/KAG/KMAGA
Trump/Pence 2020
2 people like this.
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No wonder Democrats are rioting and burning down the cities. The economy is booming!