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%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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!
Source: BusinessInsider - 🏆 729. / 51 Read more »

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
Source: BusinessInsider - 🏆 729. / 51 Read more »