But the improvement was uneven. The unemployment rate for blacks increased one-tenth of a percentage point to 16.8%. In contrast, the jobless rate for whites fell to 12.4% from 14.2% in April. Economists believe the unemployment rate peaked in May, but see it remaining above 10% when Americans head to the polls on Nov. 3.
FILE PHOTO: A"We're Hiring" sign advertising jobs is seen at the entrance of a restaurant, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease outbreak, in Miami, Florida, U.S., May 18, 2020. REUTERS/Marco Bello/File Photo Economists are split on whether the swift turnaround in the labor market was because of the government’s Paycheck Protection Program, part of a historic fiscal package worth nearly $3 trillion, offering businesses loans that can be partially forgiven if used for employee salaries. The Federal Reserve has also thrown businesses credit lifelines.
The United States likes cheap labor without human rights to create economic benefits, such as Chinese and African blacks.Corrupt officials from all countries or their relatives have gone to the United States, which is a refuge. This shows that Americans are be self-interested.
You can almost hear the disappointment.
Why was it unexpected when the lock downs are being relaxed? Who are the people making these forecasts?
Unexpected to who? Many states reopened May 1st. Were employers not expected to rehire?
2.5 million new jobs! Biggest one-month drop in unemployment in US history. Today, 40% of Blacks support Trump! No wonder the Democrats and their media are scared spitless!
So the improvement for unemployment rates really only applied to the white people. We are still failing.
Cleaning jobs
Good sign. When you've fallen into a deep hole any movement will most likely be an up movement.
Says Trumps Department of Labor? Hmmmm... 🤔
What the comeback fuck are you talking about? Unless its a Kim K comeback, then by true nrs the unemployement is at 40millions. Damn the the media is just going balls deep at whoever throws them cash for lies.
Trump faked the numbers I heard.
If you believe that...
This's what can never happen in Nigeria.
Is 13.3% unemployment considered good news?
How is this unexpected? We were in a fucking quarantine...or did you forget When businesses re-open people go back to work (for better or worse)
Hmmm. Sure it did.
We'll see if something or (someone is behind that)
Error 16, 9 % bls mistake confirmed
Jobs from those BLM protests 🤔🤔
Do we trust any numbers coming out of this administration? They all lie - somewhere, there is manipulation, or the wrong thing is being highlighted and reported on.
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