Image default
Greek News

Trump declares victory as US unemployment unexpectedly drops to 13.3%

The US’s labor market made an unexpected recovery in May, with jobs rising by 2.5 million after a drop of 20.5 million in April, the biggest in history. The unemployment rate fell to 13.3% from 14.7%, defying the forecasts of specialists that it would reach 19%.

The US President Donald Trump said those numbers should encourage governors to speed up the lifting of restrictions imposed to stop the spread of the coronavirus.

“I don’t know why they continue the lockdown”, he said. “Those states that are more active in ‘opening up’ are doing a great job”.

The economic recovery, he said, “is much better than V”, referring to the debate over whether the recovery will be V-shaped (i.e. as sharp as the drop) or if it will last longer.

“It is a stunner by any stretch of the imagination!”, Trump wrote on Twitter about the unemployment report.

See Also:

Turkey’s occupation of Kurdish Afrin targets women, minorities

Σχετικα αρθρα

Russia replaces the dollar with the ruble & national currencies on armaments programs

admin

Bloomberg: Athens’ old airport is rivaling New York in property prices

admin

EC approves Greek NSRF 2021-2027 worth €26 bln

admin

Rail Freight: More rail freight through Greece: Is it feasible? – Analysis

admin

Greek real estate market still strong despite Covid-19 pandemic, report shows

admin

The Most Expensive m² of Prime Property in the World (infographic)

admin

The World’s Most Expensive City For Construction (infographic)

admin

Recovery Fund: Signatures for the first 17.8 billion Euros

admin

Eurobank buys 9.9% stake in Hellenic Bank of Cyprus

admin

Bill Gates and George Soros reportedly team to buy UK Coronavirus Testing Company

admin

Covid-19 lockdown and curfew to be lifted in Mykonos

admin

$98 billion was wiped off as Bitcoin drops below $30,000

admin