May sees BIGGEST JOBS INCREASE EVER of 2.5 million as economy starts to recover from coronavirus


 

Could this be a short, sharp recession?

(From CNBC)

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%.


Reprinted from: https://www.ac2news.com/2020/06/may-sees-biggest-jobs-increase-ever-of-2-5-million-as-economy-starts-to-recover-from-coronavirus/

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