Article

2020-07-03 Economy

Record jobs gain of 4.8 million in June smashes expectations; unemployment rate falls to 11.1%

[CNBC]

Nonfarm payrolls rose by 4.8 million in June, much better than the expected increase of 2.9 million.

The unemployment rate fell to a crisis low of 11.1%, also better than the 12.4% estimate.

Those on temporary layoff fell by 4.8 million in June to 10.6 million after a decrease of 2.7 million in May.

Posted by trailing wife 2020-07-03 00:00|| || Front Page|| [11141 views ] Top

#1 Absolutely outstanding news!

Imagine how good things would be if the blue states opened up, too...

Posted by Tom 2020-07-03 15:16|| 2020-07-03 15:16|| Front Page Top

#2 News is good, but when you crash so hard, only one way to go--up.

Posted by Clem 2020-07-03 15:19|| 2020-07-03 15:19|| Front Page Top

#3 A crash is something that happens; a shutdown is something one does. Because a shutdown is intentional, it is much easier to turn back on afterward. This cannot be compared to a normal recession or depression.

Posted by trailing wife 2020-07-03 16:25|| 2020-07-03 16:25|| Front Page Top

#4 This ride is not over yet. Many things to use in the Dem's bag of dirty tricks. 8 Dem's have switched parties. That is good news I hope.

Posted by Dale 2020-07-03 17:06|| 2020-07-03 17:06|| Front Page Top

#5 This cannot be compared to a normal recession or depression.

I'm sure he can find a way.

Posted by Skidmark 2020-07-03 18:22|| 2020-07-03 18:22|| Front Page Top

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