An unexpected drop in the unemployment rate set off a fresh round of debate on Friday over how fast the economy can rebound from the coronavirus pandemic and how much the government should intervene to help.13.3 percent in May from a peak of 14.7 percent in April, the Bureau of Labor Statistics reported — surprising economists who had widely expected the rate to jump to about 20 percent in May, given that more than 40 million people have applied for unemployment benefits in recent weeks.
Some economists warned that the unexpected number likely understates the extent of the economic pain felt last month. Large numbers of people have been classifying themselves as employed but absent from work in the Labor Department’s survey, and that can artificially suppress the unemployment rate. The unemployment figure reported Friday reflects the situation in the middle of May, which is when the agency surveys Americans to get a snapshot of the workforce.
"The provisions that we've implemented, are sustaining income, which means that as things reopen there is confidence and demand there to get people back to work," Shierholz said.
Democrats crapping their pants.
Unexpected or purposely manipulated 🤔 FuckTrump
Unexpected Really FAKE NEWS ALERT. We all expected a sharp drop in unemployment!!!!!! A 4 th grader could have told politico that
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Surprise U.S. unemployment rate drop leaves out blacks, AsiansThe U.S. unemployment rate dropped unexpectedly in May, but not all workers benefited equally as joblessness among African Americans and Asians rose, signaling some minorities face a longer recovery as the economy slowly rebounds from the coronavirus shutdowns. It's not a surprise drop. Almost every state re-opened on some level. This should have always been viewed as a seasonal layoff not a permanent change. We all knew the numbers would bounce back as things re-opened. Oh FFS Wtf? Who exactly does trump think he’s fooling with stats that aren’t complete or accurate? He’s such a moron.
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U..S. regained 2.5 million jobs in May, unemployment falls to 13.3%, BLS saysWASHINGTON (MarketWatch) - In a big surprise, the government said the economy added 2.5 million jobs in May and the unemployment rate fell. Economists polled... My prediction came 👍 ✔ Yeah, I think this is BS. SmokeAndMirrors Thank you president Trump...
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May jobs report: US economy unexpectedly adds 2.5 million payrolls, unemployment rate falls to 13.3%The May jobs report showed an unexpected rise in the number of non-farm payrolls in the economy and a drop in the unemployment rate from April. Yeah all of a sudden this is happening? I call it a distraction and bullshit. That will make some democrats and media bloggers angry. I guess we can expect more Soros funded AntifaTerrorists riots.
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How the U.S. economic response could change as people go back to workAs Congress debates whether to allocate further relief to shore up the economy, the unemployment rate has suddenly and unexpectedly fallen. Here’s how the new numbers are shaping the debate over how the government can keep the turnaround going
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America's unemployment rate falls to 13.3% as economy posts surprise job gainsThe US unemployment rate surprisingly fell to 13.3% in May as Covid-19 restrictions eased in some areas. The economy added 2.5 million jobs. These are FEDERAL GOVERNMENT figures! This is manipulation and rigging of numbers! They should breakdown sectors that has employed the numbers! It's almost as if the economy was able to bounce back after we reopened!?! FAKE numbers! How did we gain 2.5 million jobs during the lockdown? Unless 2.5 million were just furloughed. The unemployment rate is still HIGH and realDonaldTrump has to go!
Source: CNN - 🏆 4. / 95 Read more »