Cancel 2020.2 (07-02-2020), Darth Omar (07-02-2020), Earl (07-02-2020), Irish (07-02-2020), PostmodernProphet (07-02-2020), Truth Detector (07-02-2020)
nonfarm payrolls rose by 4.8 million in June, much better than the expected increase of 2.9 million.
The unemployment rate fell to a crisis low of 11.1%, also better than the 12.4% estimate.
Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday.
Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday.
The jobs growth marked a big leap from the 2.7 million in May, which was revised up by 190,000. The June total is easily the largest single-month gain in U.S. history
https://www.cnbc.com/2020/07/02/jobs...june-2020.html
Cancel 2020.2 (07-02-2020), Darth Omar (07-02-2020), Earl (07-02-2020), Irish (07-02-2020), PostmodernProphet (07-02-2020), Truth Detector (07-02-2020)
The labor force participation level saw a sharp bump, rising to 61.5%, which brings it to 1.9 percentage points below its February level, a month before the coronavirus pandemic shut down much of the U.S. economy.
Jobs were equally balanced at 2.4 million apiece for full- and part-time workers.
Retail also saw a sizeable boost, with a gain of 740,000. Education and health services rose 568,000 and manufacturing was up 356,000. Personal and laundry services saw another major gain, at 264,000, part of an increase in other services that totaled 357,000.
Earl (07-02-2020), PostmodernProphet (07-02-2020), Stretch (07-02-2020), Truth Detector (07-02-2020)
Earl (07-02-2020), PostmodernProphet (07-02-2020), Truth Detector (07-02-2020)
I think 10% is the unemployment rate slated for the end of year. (Trump's prospects of running on the Economy shattered)
Earl (07-02-2020)
Trumpet (07-02-2020)
Priceless, people going back to work, that was just surprising. I applaud your optimism.
The source of the virus from China is China. They lied about the source and their number of fatalities. They would not share data with our health professionals that might have mitigated their virus from China. They nailed shut the doors of those with the virus from China They did not stop flights out of China and the virus from China spread around the world.
China must be held accountable for the hundreds of thousands of deaths and the economic loss around the world.
Count on the far left loon apologists to defend China and falsely blame it on our great president whose closure of flights from China saved countless lives.
The president is following the advice of the health professionals and the states are opening their economies following the guidelines.
Stretch (07-02-2020), Truth Detector (07-02-2020), Wolverine (07-02-2020)
Phantasmal (07-02-2020), Trumpet (07-02-2020)
Trumpet (07-02-2020)
Truth Detector (07-02-2020)
Hilarious. The Dems are apoplectic that the USA is in a solid recovery.
PostmodernProphet (07-02-2020), Stretch (07-02-2020), Truth Detector (07-02-2020)
Phantasmal (07-02-2020)
Truth Detector (07-02-2020)
You have no idea of what you are talking about. What gonna happen to this economy when unemployment benefits run out in a few weeks?
Whats gonna happen to the millions of people who cannot pay their rent or mortgages.
Whats gonna happen to the massive debts we have incurred?
It gonna take years to cure this, assuming we even can.
now we need 1 more stimulus targeted to individuals
Truth Detector (07-02-2020)
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