Here's why the May jobs report shocked economists expecting near-record unemployment - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Here's why the May jobs report shocked economists that were expecting near-record unemployment and massive losses

left plenty of people scratching their heads. Back in April, unemployment had surged to nearly 15% as the economy shed 20 million jobs. Experts had projected unemployment levels would hit 20% for May.

But the economic downturn caused by the coronavirus pandemic isn't a typical one. The public health emergency led to the shutdown of vast swaths of the economy, and not the collapse of certain sectors such as finance back in 2008. The broad scope increases the prospect of an economic rebound once the coronavirus crisis is dealt with.Baillie Gifford cashed in on Amazon and Tesla before the vast majority of investors.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Nothing believable is put out by this government. Why would these numbers be different?

Hmm, are these China-style statistics our government agencies are producing? Like the ones that show year after year of 6% growth? I hope the US isn't doing any of that.

Cognitive Dissonance at CNN 🤯

Hello! Guys, I will increase your business product on social media marketing. Order now

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Look inside a modern Colorado ranch home made of shipping containers - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is so nice!
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3% - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. maybe ...protesters are included as employed? “Adding” or bringing back people who weren’t laid off? 🤔 Experts wrong again
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »