Originally Posted by
nootpilot
The May jobs report, out this morning, is expected to show the US economy shed another 8 million jobs over the month, bringing the tally of jobs lost during the pandemic to 28.5 million. That would push the unemployment rate to nearly 20%, a record high.
Since March 18, nearly 43 million Americans have filed for initial unemployment benefits.
Is 50% Domestic demand by October wishful thinking?🤔🤔🤔
So why am I seeing reports just now of the unemployment rate "unexpectedly" dropping to 13.3% and the economy adding 2.5 million jobs in May?
Edit: I think you were using a survey of economists predicting the increase in rate and the unemployed. The actual report was much better than those predictions.