Despite social unrest and major setbacks regarding its net export&etc, the United States have scored far much better than anybody else could have expected.

This might indicate that the American job market, contrary to the popular belief, may have some cinders of hope that we can all expect to bring about a positive tide of economic growth across the world.

point 167 |

The US unemployment rate surprisingly fell to 13.point 320 |

3% in May, as the economy gained 2.point 28 | 5 million jobs.point 41 | It was, in the most surprising turn of events, the largest monthly gain in new jobs since the Bureau of Labor Statistics started tracking statistics and their verifiable applicability in 1939.point 203 |

The labor market rebounded from April’s major losses, when a revised 20.point 67 | 7 million jobs vanished.point 88 | The unemployment rate last month soared to 14.point 127 | 7% as businesses shut during the coronavirus lockdown.point 174 | 1

point 174 |

Although it is true that the real unemployment rate is still higher than it has been during the 2008 financial crisis, as jobs reports are coming in with more positiveness.point 423 |

  But the gradual reopening of the economy actually added new jobs rather than eliminating further positions.point 96 | Construction jobs, for example, increased by 464,000 in May, gaining back nearly half of what they lost in April.point 191 | Construction activity is part of the first phase of reopening.point 244 |

“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 pandemic and efforts to contain it,” said William W.point 189 | Beach, commissioner of the Bureau of Labor Statistics, in a statement.point 249 |

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President Donald Trump have called these numbers “incredible”, taking the credit for the improvement unto him, as usual. Trump said he would hold a news conference on the jobs report at 10 am ET.

“Just as much as we were hoping that job losses were temporary, we have to make sure that the job gains are permanent,” said Nela Richardson, investment strategist at Edward Jones.point 162 |
The recovery is a good sign that the hoped-for rebound from the pandemic downturn is going to be faster than feared.point 258 |

Hopes for a V-shaped recovery, which had been all but abandoned following the April labor market numbers, might be revived.point 104 | “The labor market holds the keys to the economic trajectory,” Richardson said.point 183 | 1

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