Covid-19 Causes A Good Surprise

(June 5, 2020, 6:37 p.m. EST) The Covid-19 epidemic surprised the world again Friday morning, when the Labor Department announced 2.5 million jobs were created in May.

According to Yardeni Economic Research, an independent economic research firm to institutional investors, Wall Street had expected a loss of 4.25 million jobs in May.

Through the end of April, the economy lost a stunning 20.6 million. The additional jobs losses that had been expected would have made the epidemic the biggest job killer since The Great Depression of 1929.

To Read the Full Story, Subscribe or
This article was written by a professional financial journalist for Fisher Financial Advisors and is not intended as legal or investment advice.

© 2020 Advisor Products Inc. All Rights Reserved.

The Economy is Changing.
Do you want to stay informed about the issues affecting your wealth over the long run?
I want to stay informed
I'm not interested