Ray From Cleveland
Diamond Member
- Aug 16, 2015
- 97,215
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The Dow was up when 40 million were unemployed. So the Dow is meaningless, except to investors.May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus
Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.www.cnbc.com
The dow is also currently up a thousand points.
Yet again Trump looks to be the genius in the room.
I don't believe any jobs numbers coming out of this administration.
People in the know invest in the market when they see favorable conditions for growth. If they thought the numbers were fudged, they wouldn't be putting in their money right now.