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Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline sharply. This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more information about the concepts and statistical methodology used in these two surveys, see the Technical Note. tweet at 8:35am: *BLS: LARGE NUMBER OF WORKERS CLASSIFIED AS EMPLOYED BUT ABSENTMay sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus Employment 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 8.333 million and the unemployment rate to rise to 19.5% from Aprilís 14.7%. Stock market futures burst higher following the report and indicated an open of nearly 600 points higher for the Dow Jones Industrial Average. The May gain was by far the biggest one-month jobs gain in U.S. history since at least 1939. The jump in employment almost perfectly mirrored the 2.7 million decrease in workers who reported being on temporary lay
eginning in mid-March, a number of travel restrictions, business closures and physical distancing measures were put in place in Canada in response to COVID-19. These actions, ...
tweet at 7:08am: EU’s Barnier: No Significant Progress Has Been Made In Brexit Talks This Week $GBPUSD tweet at 7:10am: -No significant progress made in this round. -UK has not shown any true will on fishing agreement -UK still a long way away on agreement on governance of future relationship. Nothing positive thus far, though $GBP not really reacting https://t.co/I9C2JYKGxl tweet at 7:15am: EU’s Barnier: We Are Extremely Distant Today From The Objectives That We Did Set Out In The Political Declaration $GBPUSD
tweet at 4:53am: China’s MOFCOM: Vows Countermeasures Against US List On 33 Entities $ES_F $USDCNH tweet at 4:54am: China’s MOFCOM: The Abuse By US Of Restrictions On Exports Is Benefitting No One tweet at 4:54am: China’s MOFCOM: China Will Ensure It Protects The Legal Rights Of Chinese Firms
Euro rallied higher against the US dollar for the eighth consecutive trading day, marking the longest stretch of gains for the currency pair since April 2011. The European Central ...
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