Talk of The Villages Florida - View Single Post - The stock market is off the rails
Thread: The stock market is off the rails
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Old 06-05-2020, 02:37 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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Originally Posted by GoodLife View Post
Dow rallies 900 points for the first time since early April amid historic jobs surge

U.S. employers added a shocking 2.5 million jobs last month — the largest gain on record — while the unemployment rate slid to 13.3%, the Labor Department said Friday. Economists polled by Dow Jones expected a drop of more than 8 million jobs and the unemployment rate to nearly reach 20%, which would have been the highest since the 1930s.

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The only reason for the "historic job surge" is the "historic job plunge" last month. So basically - we're still at a significant loss.