Trump & Stock Markets Celebrate Stunning Jobs Report – But The Labour Dept Admits There’s A “Miscalculation Error”

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Wall Street economists and analysts were looking at a nonfarm payrolls loss of 8.3 million for the month of May.That estimation would see an unemployment rate of 19.5% – the nation’s worst since the 1929 Great Depression.Instead, the month surprised everyone when payrolls added a whopping2.5 million jobs, the biggest job increase since the Covid-19 pandemic.
Still, even with an unemployment rate of 13.3%, thanks to the return of 2.5 million jobs in May, the number of working Americans is almost20 million lowercompared to before the outbreak began.But that job number was the tonic that Trump has been looking for after a terrible week of burning and looting due to race riots, which is still ongoing.As usual, Trump praised himself, of course.
Known for his habit ofself-congratulation, President Trump used the positive May jobs report to claim victory for everything – the economic c…