Forex news, Company news, Analysis

May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3%, according to data Friday from the Labor Department that was far better than economists had ...
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The coronavirus pandemic has created a new job: temperature taker

Managers at the massive Bell facilities in North Texas had a problem. As 5,000 employees building helicopters needed to stay on the job, the company — a division of Textron ...
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Blowout jobs report shows ‘big hedge fund guys’ got it wrong and the market was right, says Cramer

Jim Cramer Scott Mlyn | CNBC Following a "superb" jobs report, Jim Cramer said hedge funds managers who made big bearish predictions about what the coronavirus pandemic would do to ...
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May’s record jobs comeback: Here’s where the jobs are in one chart

The government's May jobs report stunned Wall Street with the largest number of payrolls gained on record and a drop in the unemployment rate during a month when most expected ...
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Stocks making the biggest moves after hours: Slack, Gap, RH and more

Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after the bell. Broadcom — Shares of ...
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The May unemployment rate is expected to be near 20% as millions more lost jobs

People wear their face masks waiting in line for an emergency food distribution at the 88th Street Temple Church of God in Christ on April 14, 2020 in Los Angeles, ...
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Jobless claims, total unemployment level worse than expected

Filings for unemployment insurance claims totaled 1.877 million last week in a sign that the worst is over for the coronavirus-related jobs crisis but that the level of unemployment remains ...
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Market’s make or break moment in one chart – Economic forecaster Lakshman Achuthan draws parallels to the opposing 2001 and 2009 recoveries

The last two recessions may help determine what's next for the recent market rally. Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: ...
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This is the greatest 50-day rally in the history of the S&P 500

The S&P 500 has returned 37.7% over the last 50 trading days, making it the benchmark index's largest 50-day rally in history, according to LPL Financial. And if history is ...
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Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared

Companies trimmed another 2.76 million workers in May as the coronavirus pandemic continued to slice through the U.S. economy, according to a report Wednesday from ADP. Job losses were especially ...
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Brazil: Covid-19’s waves begin to wash up on LatAm’s shores

Brazil is on the other side of the world from China, the epicentre of the coronavirus, but it has become one of the countries most directly impacted by the disease ...
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