Consumer staples, communications services and health care, groups that rose when investors bet on a stay-at-home trade in March and April. Stocks likesurged when investors bought companies that would benefit from people staying at home. That stock was up just 0.04% Friday.
"This jobs report is great news. It suggests people are getting their jobs back, but you still have a long way to go. You have tens of millions of Americans that are still unemployed," said Ed Keon, chief investment strategist at QMA. Keon said the rise in bond yields is good news for the markets. The economy still has a long way to go now that it appears to have bottomed. The number of unemployed Americans remains large, with 21 million people still out of work in the May report, a number that lines up closely with the number of people receiving unemployment benefits in the weekly continuing claims data. In the past 11 weeks, 42.6 million claims have been filed for unemployment benefits.
Yeah US going to be bankrupt much sooner than anticipated with rates rising rapidly
Look at all the folks who are now thinking the low inflation of the past decade is the new norm. Get ready
America Is already back I missed my chance
The jobs numbers are people who were temporarily furloughed and just went back to work. He's taking credit for shutting the country down when he ATTACKED states that shut down. And he just thanked 'Jared', not Fauci, or Birx.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »