CD Media
Markets

America Is Back! Jobs Blowout! White House Jubilant!

America Is Back! Jobs Blowout! White House Jubilant!
Image Twitter

The American economy is back in a big way with the biggest jobs gain in history in May as lockdowns ended in red states, creating an economic miracle. President Donald Trump was jubilant as he opined on the data in a news conference this morning.

Business talking heads on the cable news could not believe the numbers.

At the end of the day, the Chinese coronavirus hasn’t worked to destroy the Trump economy, neither has the race war.

Instead of losing another 8 million jobs, the economy unexpectedly added 2.5M jobs. The unemployment rate was under 14% instead of the 18% expected.

Nonfarm Payrolls (May) printed at 2509k vs -8000k consensus estimate.

Average Hourly Earnings (YoY) (May) printed at 6.7% vs 8.5% estimate.

Average Weekly Hours (May) printed at 34.7 vs 34.3 estimate.

Labor Force Participation Rate (May) printed at 60.8%.

Average Hourly Earnings (MoM) (May) printed at -1% vs 1% estimate.

U6 Underemployment Rate (May) printed at 21.2%.

Unemployment Rate (May) printed at 13.3% vs 19.8% estimate.

Related posts

Economic Data Begins To Show Epidemic Impact…Stimulus Coming…Fed Continues Support

CD Media Staff

Shut It Down: Chinavirus Closes America

CD Media Staff

NAHB Housing Index Shows Continued Strong Growth

CDMediaNetwork

4 comments

Millions Of Jobs Return, Rose Garden Rally…The Left Replies With BLM “Art,” #Babygate, #YouAboutToLoseYoJob - Globalist News | #Globalist June 5, 2020 at 10:02 pm

[…] was a good day for America. The stock market surged on an unprecedented jobs number, a miss of 11.5 million by Wall Street analysts. From a projected -9 million to +2.5 million? After […]

Reply
Millions Of Jobs Return, Rose Garden Rally…The Left Replies With BLM “Art,” #Babygate, #YouAboutToLoseYoJob - Conservative News Outlet June 6, 2020 at 8:50 am

[…] was a good day for America. The stock market surged on an unprecedented jobs number, a miss of 11.5 million by Wall Street analysts. From a projected -9 million to +2.5 million? After […]

Reply
Whilst Rioters Defile Churchill, High Politics Continues…Meanwhile BREXIT Is Happening - Globalist News | #Globalist June 7, 2020 at 4:11 pm

[…] America Is Back! Jobs Blowout! White House Jubilant! […]

Reply
Whilst Rioters Defile Churchill, High Politics Continues…Meanwhile BREXIT Is Happening - Conservative News Outlet June 7, 2020 at 4:51 pm

[…] America Is Back! Jobs Blowout! White House Jubilant! […]

Reply

Leave a Comment