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May sees biggest jobs increase ever of 2.5 million as economy starts to recover from

world famous 3rd base hecklers

Well-Known Member
Sep 25, 2011
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Despite the Democrat governors keeping their states locked down and shows that this economy doesn't need California, New York, New Jersey and Pennsylvania in this recovery...


https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html

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 burst higher following the report as the Dow Jones Industrial Average opened higher by around 700 points. 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.



 
Despite the Democrat governors keeping their states locked down and shows that this economy doesn't need California, New York, New Jersey and Pennsylvania in this recovery...


https://www.cnbc.com/2020/06/05/jobs-report-may-2020.html

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 burst higher following the report as the Dow Jones Industrial Average opened higher by around 700 points. 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.



This is great news for sure but I'm puzzled why you continually make this a Dem/Rep thing. These numbers indicate that we may get back to normal sooner rather then later...And as a business owner this makes my Friday a good day. What's really great is that most of the positive numbers come from Restaurants who was really hit hard by the shutdown.
 
You better hope those big states come back. Socialist states like South Carolina leech off of wealthier states and rely on wealth redistibution from those states to stay afloat.

Good to see that the recovery is a month ahead of schedule. Hopefully the consumer demand is sustainable and will help the June numbers too.
 
This is great news for sure but I'm puzzled why you continually make this a Dem/Rep thing. These numbers indicate that we may get back to normal sooner rather then later...And as a business owner this makes my Friday a good day. What's really great is that most of the positive numbers come from Restaurants who was really hit hard by the shutdown.

Look at all the states that are closed up throughout the Month of may.. New York will start phase 1 on Monday...

Two weeks ago, the mayor of NYC said they will arrest anyone who goes into the water at the beaches...

Maryland reminds in locked down mode because the Governor there is a never-Trumper RINO and the same as the governor in Ohio, he is another never-Trumper, but he too is squishy RINO...

Democrats have been keeping the American people in their states locked down... They are good doing that for 70 years...
 
This is great news for sure but I'm puzzled why you continually make this a Dem/Rep thing. These numbers indicate that we may get back to normal sooner rather then later...And as a business owner this makes my Friday a good day. What's really great is that most of the positive numbers come from Restaurants who was really hit hard by the shutdown.

It's not a Dem/Rep thing.

Trumpers are so desparate for the president to get a win after months and months of Ls that when they see a tweet from Trump, they think that he had something to do with it when in fact he played no part in the jobs report.

As states have reopened, the hiring has gone up (like you said - primarily in food/bev). The question is will the trend continue? Will consumers return en masse to drive more hring? Fingers crossed they will.
 
This is good news. I'm actually a little surprised that the projections were so dire. You have to assume with businesses opening back up that they would need to call in the people to start working again.
 
It's not a Dem/Rep thing.

Trumpers are so desparate for the president to get a win after months and months of Ls that when they see a tweet from Trump, they think that he had something to do with it when in fact he played no part in the jobs report.

As states have reopened, the hiring has gone up (like you said - primarily in food/bev). The question is will the trend continue? Will consumers return en masse to drive more hring? Fingers crossed they will.


Yep. I don’t see this as a Republican or Democrat thing at all.

This is simply some businesses opening back up and hiring people. Hope it continues. Millions are out of work now. That’s awful. Some of that business won’t come back. That’s awful.
 
You better hope those big states come back. Socialist states like South Carolina leech off of wealthier states and rely on wealth redistibution from those states to stay afloat.

Good to see that the recovery is a month ahead of schedule. Hopefully the consumer demand is sustainable and will help the June numbers too.
It just means SC has good representation in Washington.
 
Look at all the states that are closed up throughout the Month of may.. New York will start phase 1 on Monday...

Two weeks ago, the mayor of NYC said they will arrest anyone who goes into the water at the beaches...

Maryland reminds in locked down mode because the Governor there is a never-Trumper RINO and the same as the governor in Ohio, he is another never-Trumper, but he too is squishy RINO...

Democrats have been keeping the American people in their states locked down... They are good doing that for 70 years...

Some states had greater COVID issues to deal with.

They were following the WH guidlines to reopen. Maybe you should take issue with the WH guildines.
 
Look at all the states that are closed up throughout the Month of may.. New York will start phase 1 on Monday...

Two weeks ago, the mayor of NYC said they will arrest anyone who goes into the water at the beaches...

Maryland reminds in locked down mode because the Governor there is a never-Trumper RINO and the same as the governor in Ohio, he is another never-Trumper, but he too is squishy RINO...

Democrats have been keeping the American people in their states locked down... They are good doing that for 70 years...
Lord...all states with the exception of a couple had some sort of shutdown. The states that are currently still down are the ones that were hit the hardest like NY and Louisiana (Blue State). One thing that I applaud Trump on was trying to get the states to open up earlier then later. Although he had ulterior motives with the election coming up in November. We will see if there is a second wave but IMO we are at the point of no return. It is what it is...
 
Some states had greater COVID issues to deal with.

They were following the WH guidlines to reopen. Maybe you should take issue with the WH guildines.

And that's why Trump shouldn't have listen to Anthony Fauci and Deborah Birx when they came to him saying 2 million people will die... I do blame him for being snookered, but he isn't a doctor, just a businessman...

But when he saw the economy getting worse after 3 weeks, he quickly booted the two off the stage...

I've said this before and I'll say it again... We should have only locked down the elderly and people with respiratory system/immune system issues... And leave the rest of us alone and go to work..

Put that in your visor and smoke it...
 
And that's why Trump shouldn't have listen to Anthony Fauci and Deborah Birx when they came to him saying 2 million people will die... I do blame him for being snookered, but he isn't a doctor, just a businessman...

But when he saw the economy getting worse after 3 weeks, he quickly booted the two off the stage...

I've said this before and I'll say it again... We should have only locked down the elderly and people with respiratory system/immune system issues... And leave the rest of us alone and go to work..

Put that in your visor and smoke it...
Coulda woulda shoulda...Nobody knew anything about this virus. It was initially killing people at a alarming rate. You couldn't just sit and do nothing. I too was surprised with the total shutdown and thought we over reacted. We will see down the road what happens.
 
Coulda woulda shoulda...Nobody knew anything about this virus. It was initially killing people at a alarming rate. You couldn't just sit and do nothing. I too was surprised with the total shutdown and thought we over reacted. We will see down the road what happens.

That's why Trump won't be fooled again on this COVID 19 again if and when it pops up again in the fall...
 
Dems/libs can't stand this great economic news. They were hoping for 25% unemployment and 1929 Part Two.
Just proves that our great POTUS knows what he is doing.
If American voters had been stupid enuff to elect Hillary we would not have had the great economy prior to the China virus. Just hope we aren't stupid enuff to elect Pedo.
 
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