Boots & Sabers

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0803, 02 Jul 20

Jobs Bouncing Back

This is fantastic to see. America is getting back to work!

Nonfarm payrolls jumped by 4.8 million in June and the unemployment rate fell to 11.1% as the U.S. continued its reopening from the coronavirus pandemic, the Labor Department said Thursday.

Economists surveyed by Dow Jones had been expecting a 2.9 million increase and a jobless rate of 12.4%. The report was released a day earlier than usual due to the July Fourth U.S. holiday.

The jobs growth marked a big leap from the 2.7 million in May, which was revised up by 190,000. The June total is easily the largest single-month gain in U.S. history.

0803, 02 July 2020


  1. Mar

    And the liberals will be quite upset. And watch more Blue states put their states in lockdowns.

  2. Randall Flagg

    This liberal is happy.  This liberal also realizes

    *we are still down almost 15 million jobs

    * unemployment is still at it’s highest since any point during the great depression.

    *For the fourth month in a row, the Labor Department misclassified some workers.  With this correction, the rate would have been as high as 12.3% in June.

  3. Mar

    Yes, but…
    Not really that thrilled, are you Randall.

  4. Mark Hoefert

    @ Randall Flagg: “unemployment is still at it’s highest since any point during the great depression.

    Don’t know what the hell that means, considering peak unemployment during the Great Depression reached almost 25%.  You would need to add about 14 to today’s # to get to that.


  5. Randall Flagg

    Thanks for pointing that out Mark.  I should have said since the great depression. My mistake.


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