This is fantastic to see. America is getting back to work!
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.
And the liberals will be quite upset. And watch more Blue states put their states in lockdowns.
This liberal is happy. This liberal also realizes
*we are still down almost 15 million jobs
* unemployment is still at it’s highest since any point during the great depression.
*For the fourth month in a row, the Labor Department misclassified some workers. With this correction, the rate would have been as high as 12.3% in June.
Yes, but…
Not really that thrilled, are you Randall.
Don’t know what the hell that means, considering peak unemployment during the Great Depression reached almost 25%. You would need to add about 14 to today’s # to get to that.
https://www.thebalance.com/the-great-depression-of-1929-3306033
Thanks for pointing that out Mark. I should have said since the great depression. My mistake.