Donald Trump says it’s great!
The media says it’s good?
It dropped for 14.7 % in April….
40 MILLION Americans have asked for jobless benefits….
And Donald Trump’s Labor Dept. says something that Trump wants to crow about instead of dealing with his problems in the streets and polls….
The American Economy is NOT roaring back even if people are starting back to work….
They aren’t rushing to save Donald Trump’s Presidency ….
But Trump gonna try to pull that rabbit out of a hat….
And remember ?
Jobless figure are almost ALWAYS adjusted the month after for accuracy…
The job market unexpectedly reversed its free fall in May as employers brought back millions of workers after pandemic-induced layoffs and the unemployment rate declined.
Tens of millions remain out of work, and the unemployment rate, which fell to 13.3 percent from 14.7 percent in April, remains higher than in any previous postwar recession.
But employers added 2.5 million jobs in May, the Labor Department said Friday, defying economists’ expectations of further losses and offering hope that the rebound from the pandemic-induced economic crisis could be faster than forecast.
Still, job openings remain far below normal, and the trillions of dollars in government assistance that have helped keep the economy on life support may be nearing their end.
Cumulative monthly change in jobs since September 2010
Job losses in March and April nearly wiped out the previous 113 months of job gains, but May showed a partial comeback.
The report noted that “employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade,” even as jobs in the government continued their decline.
“What this is telling us is that at least part of the pain in April was due to people being laid off or furloughed who still had very strong connections to their employers,” Ernie Tedeschi, an economist at Evercore ISI in Washington said. “As good and surprising as this report was, this may just be the low-hanging fruit. These may have been the easiest workers to bring back.”