View this post on Instagram Investors piled into U.S. equities after a surprise jobs report showed that the U.S. economy is rebounding faster than expected. The Dow Jones Industrial Average surged over 829 points or 3.15 percent, while the S&P 500 jumped 2.62 percent. New economy stocks helped the tech-heavy Nasdaq touch an intraday all-time high of 9,842 but it closed just under that level with a gain of 2.06 percent. Go to the link in our bio for more on this story.A post shared by Fox Business (@foxbusiness) on Jun 5, 2020 at 1:30pm PDT
Investors piled into U.S. equities after a surprise jobs report showed that the U.S. economy is rebounding faster than expected. The Dow Jones Industrial Average surged over 829 points or 3.15 percent, while the S&P 500 jumped 2.62 percent. New economy stocks helped the tech-heavy Nasdaq touch an intraday all-time high of 9,842 but it closed just under that level with a gain of 2.06 percent. Go to the link in our bio for more on this story.
A post shared by Fox Business (@foxbusiness) on Jun 5, 2020 at 1:30pm PDT
View this post on Instagram The Trump economy is once again doing what it does best: roaring past expectations!A post shared by The White House (@whitehouse) on Jun 5, 2020 at 6:15pm PDT
The Trump economy is once again doing what it does best: roaring past expectations!
A post shared by The White House (@whitehouse) on Jun 5, 2020 at 6:15pm PDT
View this post on Instagram “It is a stunner by any stretch of the imagination!” @CNBCA post shared by President Donald J. Trump (@realdonaldtrump) on Jun 5, 2020 at 9:26am PDT
“It is a stunner by any stretch of the imagination!” @CNBC
A post shared by President Donald J. Trump (@realdonaldtrump) on Jun 5, 2020 at 9:26am PDT
View this post on Instagram President Donald Trump on Friday celebrated a new jobs report showing better-than-expected economic numbers in the month of May. “This is outstanding what happened today,” Trump said to reporters. The unemployment rate fell to 13.3 percent in May from a record high of 14.7 percent in April and payrolls unexpectedly rose by 2.5 million workers. Economists estimated the unemployment rate would rise to nearly 20 percent in May and that the economy would shed an additional 8 million jobs. The president held a triumphant press conference in the Rose Garden after the news was announced Friday morning. “This is better than a ‘v,’ this is a rocketship,” Trump said, referring to the economic curve. The president said that the swift bounceback was a result of the economy already being strong, thanks to his economic policies. “Our body was so powerful that we could actually close our country, save millions of lives, stop people very early on from China coming in,” he said, and added, “That strength helped us get through this pandemic.” The news suggested that the downward trend for economic numbers after the coronavirus was at an end and starting to rebound rigorously, even with some major cities still on lockdown.A post shared by Breitbart (@wearebreitbart) on Jun 5, 2020 at 8:03am PDT
President Donald Trump on Friday celebrated a new jobs report showing better-than-expected economic numbers in the month of May. “This is outstanding what happened today,” Trump said to reporters. The unemployment rate fell to 13.3 percent in May from a record high of 14.7 percent in April and payrolls unexpectedly rose by 2.5 million workers. Economists estimated the unemployment rate would rise to nearly 20 percent in May and that the economy would shed an additional 8 million jobs. The president held a triumphant press conference in the Rose Garden after the news was announced Friday morning. “This is better than a ‘v,’ this is a rocketship,” Trump said, referring to the economic curve. The president said that the swift bounceback was a result of the economy already being strong, thanks to his economic policies. “Our body was so powerful that we could actually close our country, save millions of lives, stop people very early on from China coming in,” he said, and added, “That strength helped us get through this pandemic.” The news suggested that the downward trend for economic numbers after the coronavirus was at an end and starting to rebound rigorously, even with some major cities still on lockdown.
A post shared by Breitbart (@wearebreitbart) on Jun 5, 2020 at 8:03am PDT
View this post on Instagram 🚨🚨BREAKING🚨🚨 The unemployment rate fell to a 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity led to new hiring in May. The U.S. unemployment rate rose above last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948. Economists estimate that the unemployment rate reached 25 percent during the Great Depression, although that predated the scientific economy-wide record keeping the government now deploys. The job gains mark a sudden turnaround from a month earlier, when the economy shed a staggering 20.5 million jobs, by far the worst monthly decline on records back to 1939. Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs. The mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month. The government has undertaken unprecedented efforts to support employment and provide aid to those who have lost their jobs. Around 150 million taxpayers received stimulus payments of up to $1200 for adults in their household plus additional amounts for children. The Treasury’s Paycheck Protection Program is backing $669 billion of loans to small businesses that can be forgiven if borrowers do not lay off workers. The federal government has been providing an additional $600 on top of state unemployment benefits, paying some Americans more than they earned on the job.A post shared by Breitbart (@wearebreitbart) on Jun 5, 2020 at 5:44am PDT
🚨🚨BREAKING🚨🚨 The unemployment rate fell to a 13.3 percent and payrolls unexpectedly rose by 2.5 million workers as the easing of restrictions on business activity led to new hiring in May. The U.S. unemployment rate rose above last month’s record-high 14.7 percent, which was the highest on record in data going back to 1948. Economists estimate that the unemployment rate reached 25 percent during the Great Depression, although that predated the scientific economy-wide record keeping the government now deploys. The job gains mark a sudden turnaround from a month earlier, when the economy shed a staggering 20.5 million jobs, by far the worst monthly decline on records back to 1939. Economists had expected the unemployment rate to rise to nearly 20 percent and the economy to shed an additional 8 million jobs. The mandatory closures of many businesses and stay-at-home orders slammed what had been a very healthy labor market hard. The economy added jobs for 113 straight weeks through February, a record streak of growth. The unemployment rate was 3.5 percent in February. And yet job creation was running very hot, with the economy adding an average of 211,000 new jobs each month. The government has undertaken unprecedented efforts to support employment and provide aid to those who have lost their jobs. Around 150 million taxpayers received stimulus payments of up to $1200 for adults in their household plus additional amounts for children. The Treasury’s Paycheck Protection Program is backing $669 billion of loans to small businesses that can be forgiven if borrowers do not lay off workers. The federal government has been providing an additional $600 on top of state unemployment benefits, paying some Americans more than they earned on the job.
A post shared by Breitbart (@wearebreitbart) on Jun 5, 2020 at 5:44am PDT
View this post on Instagram 🚨 BREAKING 🚨 The U.S. economy added 2.5 million jobs in May. That's the BIGGEST JOBS INCREASE EVER! 🥳 🇺🇸A post shared by Republican Senators (@senategop) on Jun 5, 2020 at 6:40am PDT
🚨 BREAKING 🚨 The U.S. economy added 2.5 million jobs in May. That's the BIGGEST JOBS INCREASE EVER! 🥳 🇺🇸
A post shared by Republican Senators (@senategop) on Jun 5, 2020 at 6:40am PDT
View this post on Instagram BREAKING: The U.S. unemployment rate unexpectedly dropped to 13.3 percent in May, down from a record high in April as the nation's economy began to gradually reopen from the coronavirus lockdown. The Labor Department said in its Friday report that employers added 2.5 million jobs in May, even as the virus outbreak and subsequent stay-at-home measures mandated by states to curb the spread of COVID-19 forced nonessential businesses to close. Economists surveyed by Refinitiv expected the report to show that unemployment rose to 19.8 percent in May and that employers shed 8 million jobs. Go the link in our bio for more on this story. (Regram: @FoxBusiness)A post shared by Fox News (@foxnews) on Jun 5, 2020 at 5:48am PDT
BREAKING: The U.S. unemployment rate unexpectedly dropped to 13.3 percent in May, down from a record high in April as the nation's economy began to gradually reopen from the coronavirus lockdown. The Labor Department said in its Friday report that employers added 2.5 million jobs in May, even as the virus outbreak and subsequent stay-at-home measures mandated by states to curb the spread of COVID-19 forced nonessential businesses to close. Economists surveyed by Refinitiv expected the report to show that unemployment rose to 19.8 percent in May and that employers shed 8 million jobs. Go the link in our bio for more on this story. (Regram: @FoxBusiness)
A post shared by Fox News (@foxnews) on Jun 5, 2020 at 5:48am PDT
View this post on Instagram The unemployment rate was predicted to rise to over twenty percent in May. Instead, it dropped.A post shared by The White House (@whitehouse) on Jun 5, 2020 at 8:47am PDT
The unemployment rate was predicted to rise to over twenty percent in May. Instead, it dropped.
A post shared by The White House (@whitehouse) on Jun 5, 2020 at 8:47am PDT
View this post on Instagram It’s Jobs Day in America and the month of May saw 2.5 MILLON jobs added—the most recorded in a single month EVER! #TransitiontoGreatnessA post shared by Mike Pence (@mikepence) on Jun 5, 2020 at 7:04am PDT
It’s Jobs Day in America and the month of May saw 2.5 MILLON jobs added—the most recorded in a single month EVER! #TransitiontoGreatness
A post shared by Mike Pence (@mikepence) on Jun 5, 2020 at 7:04am PDT
View this post on Instagram The U.S. economy has taken an unprecedented hit and it happened very fast. However, President Trump said in a tweet on Wednesday the evidence of a comeback is mounting. Stocks have rallied from the March lows as the Federal Reserve and Congress have provided stimulus measures. Meanwhile, businesses are starting to reopen, or explore how to do so, as states and cities ease restrictions on public activities. Go to the link in our bio for more on this story.A post shared by Fox Business (@foxbusiness) on Jun 4, 2020 at 11:00am PDT
The U.S. economy has taken an unprecedented hit and it happened very fast. However, President Trump said in a tweet on Wednesday the evidence of a comeback is mounting. Stocks have rallied from the March lows as the Federal Reserve and Congress have provided stimulus measures. Meanwhile, businesses are starting to reopen, or explore how to do so, as states and cities ease restrictions on public activities. Go to the link in our bio for more on this story.
A post shared by Fox Business (@foxbusiness) on Jun 4, 2020 at 11:00am PDT
View this post on Instagram The U.S. unemployment rate could fall below 10 percent by the end of 2020 despite surging to 14.7 percent in April, Labor Secretary Eugene Scalia said on Thursday. "I think that we can get under 10 percent by the end of the year," Scalia told Fox Business' Stuart Varney. "I really do believe that as hard as this has been, for American workers and their families, it was always meant to be temporary. We had an extraordinarily strong economy." The Bureau of Labor Statistics will release the May unemployment report on Friday. Go to the link in our bio for more on this story. (via @varneyco)A post shared by Fox Business (@foxbusiness) on Jun 4, 2020 at 3:30pm PDT
The U.S. unemployment rate could fall below 10 percent by the end of 2020 despite surging to 14.7 percent in April, Labor Secretary Eugene Scalia said on Thursday. "I think that we can get under 10 percent by the end of the year," Scalia told Fox Business' Stuart Varney. "I really do believe that as hard as this has been, for American workers and their families, it was always meant to be temporary. We had an extraordinarily strong economy." The Bureau of Labor Statistics will release the May unemployment report on Friday. Go to the link in our bio for more on this story. (via @varneyco)
A post shared by Fox Business (@foxbusiness) on Jun 4, 2020 at 3:30pm PDT
View this post on Instagram American Airlines Group Inc shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions caused by the coronavirus pandemic, flying more than 55% of its July 2019 domestic capacity. American shares, up 24.6% to $14.77 on the bullish announcement, are still down more than 50% since mid-February. The airline, the largest U.S. carrier, will also boost its international flights schedule next month, flying nearly 20% of its July 2019 schedule.A post shared by Fox Business (@foxbusiness) on Jun 5, 2020 at 2:00am PDT
American Airlines Group Inc shares jumped by 25% after it said Thursday it will significantly boost its U.S. flight schedule next month after dramatic reductions caused by the coronavirus pandemic, flying more than 55% of its July 2019 domestic capacity. American shares, up 24.6% to $14.77 on the bullish announcement, are still down more than 50% since mid-February. The airline, the largest U.S. carrier, will also boost its international flights schedule next month, flying nearly 20% of its July 2019 schedule.
A post shared by Fox Business (@foxbusiness) on Jun 5, 2020 at 2:00am PDT
