US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3% - Business Insider

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US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3%

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US Bureau of Labor Statistics on Friday said US employers added 2.5 million payrolls in May, a shocking figure that defied economist expectations for 7.5 million jobs lost.

Meanwhile, the unemployment rate declined to 13.3%, bucking forecasts expecting a near-record 19%, the the. The prior month's 14.7% reading was the highest since the Great Depression of the 1930s.

 

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Where is the correction? BLS amended the unemployment rate to 16%

Those shocked economists must have been smoking weed non-stop. 2020 was going to have a lot of spending and investment anyway. The lockdown was just a pause, that would actually have a catapulting effect, mostly due to technology shifts.

What’s behind these numbers? Causes? Job titles? Wage? Gender and race population?

If they are shocked, we need new economists

Nate Silver, where you at?

Paul Krugman was also unavailable for comment

Robert Reich was unavailable for comment

Administrative Expert Class is wrong again!

In graffiti cleaning?

'SHOCKED!' I'm not. I have faith in this president. That's why I'm going to vote for him in November! 🇺🇸

They are always shocked good or bad. They are wrong more often than the weatherman.

I bet ANTIFA’s favorite economist AOC never saw this coming😂

Alguien miente, como China con sus datos. Es absurdo como se contradice los datos del gobierno con la teoria económica, en este caso, con la llamada Ley de Okún lo cual va contra sentido con ese dato anunciado hoy ¿El gobierno miente o la Teoria econímica es Basofia

Democrat states: People get arrested for trying to reopen their businesses, but people burning and looting those businesses walk scot-free.

Democrats are actually pissed at this: Wow😂😂

Maybe those economists need to find a different line of work.

Well, that’s because they’re biased against our President and the American working taxpayers!!!

Every business still closed, needs to open now! What are they going to do, call the Police on you?

The rest of us are working while liberals loot

Only imbeciles were shocked.

Experts wrong again

“Adding” or bringing back people who weren’t laid off? 🤔

maybe ...protesters are included as employed?

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