Thank You President Trump. May sees biggest jobs increase ever of 2.5 million as economy starts to recover. This morning the today show was reporting that Unemployment would be 20-25%. Instead we have the greatest numbers ever. 2.5 million jobs that Donald Trump created.
This from CNBC
The May gain was by far the biggest one-month jobs gain in U.S. history since at least 1939.
“Barring a second surge of Covid-19, the overall U.S. economy may have turned a corner, as evidenced by the surprise job gains today, even though it still remains to be seen exactly what the new normal will look like,” said Tony Bedikian, head of global markets at Citizens Bank.
The jump in employment almost perfectly mirrored the 2.7 million decrease in workers who reported being on temporary layoff.
Leisure and hospitality workers made up almost half the increase, with 1.2 million going back to work after a reported loss of 7.5 million in April. Jobs in bars and restaurants increased by 1.4 million as states began to relax social distancing measures.