Here’s how May’s surprising jobs report could derail the next stimulus bill: by theothersarahh
four major pieces of rescue legislation in three distinct phases; the largest and most comprehensive was the $2.2 trillions CARES Act, signed into law by President Trump at the end of March.
” victory for the economy and his administration—will erode enthusiasm for another big relief package.
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‘The biggest payroll surprise in history’ — economists react to May jobs reportThe U.S. economy added 2.5 million jobs and unemployment decreased from 14.7% to 13.3% in May. One economist called it “the biggest payroll surprise in history.'
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Economist commentary: Friday's surprising May jobs report - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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May's record jobs comeback: Here's where the jobs are in one chartCNBC studied the net change in employment by industry for May based on data from the Labor Department.
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U.S. regains 2.5 million jobs in May, unemployment falls to 13.3% in surprise BLS reportThe U.S. regained 2.5 million jobs in May and the unemployment rate fell to 13.3%, confounding Wall Street expectations for another big wave of layoffs and signaling the economy began to revive last month after arguably the worst economic crisis in American history.
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Wall Street jumps, Nasdaq set for record closing high after surprise jobs reportWall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding upside surprise and the clearest evidence yet that the U.S. economy is bouncing back sooner than expected from pandemic-related lockdowns.
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