Politics

As Dems Work To attack the President, Trump Accomplishes The Impossible, Announces: “This is Better Than a ‘V,’ This is a Rocket Ship!”

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The jobs report released earlier today revealed an astounding economic turnaround.

Economists had estimated that the unemployment rate would rise to 20 percent in May.  It didn’t.  

(CNBCEmployment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand.

Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.33 million and the unemployment rate to rise to 19.5% from April’s 14.7%. If Wall Street expectations had been accurate, it would have been the worst figure since the Great Depression.Advertisements

As it turned out, May’s numbers showed the U.S. may well be on the road to recovery after its fastest plunge in history.

Trump tweeted: It’s a stupendous number. It’s joyous, let’s call it like it is. The Market was right. It’s stunning! @jimcramer @CNBC

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