— the largest gain on record — while the unemployment rate slid to 13.3%, the Labor Department said Friday.
Economists polled by Dow Jones expected a drop of more than 8 million jobs and the unemployment rate to nearly reach 20%, which would have been the highest since the 1930s. "I think there were a lot of people who felt that the layoffs would be permanent and it's obvious that there's so much demand that people have to bring people back," CNBC's Jim Cramer said.
The algorithms did not have pandemics programmed in. Only a tiny fraction of workers are back to work, some of them are only back to part-time, and some are out of the workforce for good.
Free Newton's pair
It went up 😋🇺🇸🇺🇸
Erroneous jobs number + Central Bank stimulus = Higher stock prices.
The stock market is infected with irrational exuberance.
Looking Good, get in while U can...
The fed bought new highs?
Too good to be true? Just two days ago, 6/3/20, the ADP Report showed 2.8 million jobs lost in May - The Hill.