Stunning Jobs Report: Trump Shocks Economists

Subhash
June 5, 2020

It looks like America is recovering from Corona Crisis very quickly.

Major Economists had predicted America will have lost 83 lakh jobs in May. In reality, 25 lakh people found jobs. They had predicted an unemployment rate of 19.5%, instead it came at 13.%

The stunning job report got Trump to Tweet with Joy

It is a stunner by any stretch of the imagination! @CNBC
— Donald J. Trump (@realDonaldTrump) June 5, 2020

It’s a stupendous number. It’s joyous, let’s call it like it is. The Market was right. It’s stunning! @jimcramer @CNBC
— Donald J. Trump (@realDonaldTrump) June 5, 2020

He has scheduled a press conference later today

In the meanwhile, daily new Corona cases have kept falling after peaking at 38958 on April 24th. Yesterday America report 22268 cases, a significant fall from the highs