DOW

or, the explanation is of workers coming off the welfare system and going back on to the job protection scheme as employers try to re-open, but here is the catch. To ensure the companies get to keep their bail out money, they have to keep folk employed for only 8 weeks.

Could be just kicking the pain down the road and come 8 weeks later, expect the numbers of jobless claims to once again jump upward.

Naeem Aslam, chief market analyst at AvaTrade, says the US unemployment rate “mind-blowing number”:

The US unemployment rate has shocked everyone because the number was much lower than the market expectation. Speculators were whispering for 20%.

This a mind-blowing number and shows that the economy is improving. Things are not as bad as many thought. This data, if it is a true reflection of the economy, is likely to speed up the recovery for the US economy.

AdeMcG wrote: anyone else think the statisticians have got numbers mixed up on the Jobless count?

something is weird.

but hey, what do i know - trade what we see.

in any case, let's see the 27-handle approach sooner.

anyone else think the statisticians have got numbers mixed up on the Jobless count?

Inside Informant wrote: I've noticed the bad job numbers have been ignored. Investors only focusing on re-opening of the economy.

Indeed, but opening this economy won't be like a switch - too much disruption, to many cogs in the supply chain decimated.

and while the Tories are trying to coerce the "ordinary" kids back to school, I don't see Eton & the top schools being open?!?

And of course, there's the matter of the second wave - which may or may not come (obviously, I hope it doesn't come). The market will of course ignore it, but it will end up taking more people out of the workforce.

I don't know' obviously I'm ranting, but more about the seemingly stacked decks from the powers that be, rather than a desire to make a buck.

I wish you the very best in getting that second chance - maybe at 22,500 as well as 24,000.

I've noticed the bad job numbers have been ignored. Investors only focusing on re-opening of the economy.