The Great American Comeback has begun
Exclusive: Curtis Ellis explains how blue-state governors can save face over lockdown orders
By Curtis EllisPublished June 5, 2020 at 7:33pm
The Great American Comeback is underway.
The latest jobs report shows the U.S. economy defied all expectations, adding more than 2.5 million jobs in May. It was expected to lose 7.5 million.
The unemployment rate fell to 13.3 percent, shedding nearly a point and a half. It was expected to rise to nearly 20%. The number of workers on temporary layoff decreased by 2.7 million in May.
May saw the greatest number of jobs created in a single month on record.
Looking beneath the topline, the numbers are even better. We added 225,000 jobs in manufacturing, 464,000 in construction and 1.2 million in leisure & hospitality. That last number is particularly astounding considering how many restaurants are closed and tourism is frozen.
No comments:
Post a Comment