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Mr. Luddite[_4_] Mr. Luddite[_4_] is offline
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First recorded activity by BoatBanter: Aug 2017
Posts: 4,961
Default Turning the economic corner?

On 6/5/2020 10:54 AM, Its Me wrote:
On Friday, June 5, 2020 at 9:00:33 AM UTC-4, Mr. Luddite wrote:
Labor Department released numbers for May that surprised
all economists and their dour predictions.

Non-farm job increase of 2.5 million.

Unemployment drops to 13.3 percent
from 14.7 percent in April.

(Predictions were for unemployment to rise to
19 to 20 percent.)

Data is through the middle (12th) of May that
included only the early stages of "opening"
the country. Next month's data could be much
better if this trend continues.


The Dow just hit 27,088. Nice.



I noticed that with some good economic news (or at least
promising) a certain regular poster here has nothing to
say.



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