U.S. unemployment fell to 13.3% in May and the economy added 2.5 million jobs, a surprising upswing after pandemic-related declines.
Friday, June 5, 2020 8:46 AM EST
The unemployment rate fell from 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II.
https://www.nytimes.com/2020/06/05/business/jobs-report-stock-market-coronavirus.html
Well that is quite the surprise now isn't it? Let me be clear when I state that I don't believe this number for one god damn second. It's made up to try and explain why the market keeps roaring towards new highs while the main street economy is in the shitter. We all know why this is the case. Wall Street and Main street are in total disconnect, and the one does not even remotely reflect what's going on in the other. This is almost as insulting to our intelligence as telling us that Hillary was the most qualified candidate in history, almost. Complete and total bullshit.U.S. unemployment fell to 13.3% in May and the economy added 2.5 million jobs, a surprising upswing after pandemic-related declines.
Friday, June 5, 2020 8:46 AM EST
The unemployment rate fell from 14.7 percent in April, which was the highest since the government began keeping official statistics after World War II.
https://www.nytimes.com/2020/06/05/business/jobs-report-stock-market-coronavirus.html
Well that is quite the surprise now isn't it? Let me be clear when I state that I don't believe this number for one god damn second. It's made up to try and explain why the market keeps roaring towards new highs while the main street economy is in the shitter. We all know why this is the case. Wall Street and Main street are in total disconnect, and the one does not even remotely reflect what's going on in the other. This is almost as insulting to our intelligence as telling us that Hillary was the most qualified candidate in history, almost. Complete and total bullshit.
Well that is quite the surprise now isn't it? Let me be clear when I state that I don't believe this number for one god damn second. It's made up to try and explain why the market keeps roaring towards new highs while the main street economy is in the shitter. We all know why this is the case. Wall Street and Main street are in total disconnect, and the one does not even remotely reflect what's going on in the other. This is almost as insulting to our intelligence as telling us that Hillary was the most qualified candidate in history, almost. Complete and total bullshit.
thing is, we've seen the weekly numbers, we'd have seen some correlation. I don't know enough about how these NFP numbers are calculated but don't buy it. Correction statement imminent.A lot of states re-opened in May and the they hired many of their non-essential retail workers back. Plus many states opened eat-in-dining at 50% capacity. This may have something to do with it.
This is how they manipulate the numbers. Jobs added should be confined to NEW hires, not calling people back. It's a shell game.A lot of states re-opened in May and the they hired many of their non-essential retail workers back. Plus many states opened eat-in-dining at 50% capacity. This may have something to do with it.
I call'em as I see'em. This is total crap.whoa, consensus agreement
thing is, we've seen the weekly numbers, we'd have seen some correlation. I don't know enough about how these NFP numbers are calculated but don't buy it. Correction statement imminent.