[82lsju]

Call me skeptical, but how do we have 1.9 million unemployment claims yesterday, while May is the largest job gain month on record?

I haven't looked at the numbers, but these could be different pools of workers.  Restaurant workers and shop workers are probably going back to work in a lot of places.  Meanwhile, the slowing economy might be trickling up to affect more white collar workers, owners, etc.? 



It's probably pretty easy to see if that's true by diving into the numbers by job type (in other words, I'm lazy).

Leisure and hospitality workers made up almost half the increase last month, with 1.2 million going back to work after a reported loss of 7.5 million in April. Jobs in bars and restaurants increased by 1.4 million as states began to relax social distancing measures.

Construction was the next biggest gainer with 464,000, making up for about half of April’s losses. Education and health services rose by 424,000 and retail surged by 368,000 after plunging by 2.3 million a month previous.

https://www.cnbc.com/2020/06/05/jobs-rep...ter%7Cmain

[82lsju]

Call me skeptical, but how do we have 1.9 million unemployment claims yesterday, while May is the largest job gain month on record?

I haven't looked at the numbers, but these could be different pools of workers.  Restaurant workers and shop workers are probably going back to work in a lot of places.  Meanwhile, the slowing economy might be trickling up to affect more white collar workers, owners, etc.? 



It's probably pretty easy to see if that's true by diving into the numbers by job type (in other words, I'm lazy).

Leisure and hospitality workers made up almost half the increase last month, with 1.2 million going back to work after a reported loss of 7.5 million in April. Jobs in bars and restaurants increased by 1.4 million as states began to relax social distancing measures.

Construction was the next biggest gainer with 464,000, making up for about half of April’s losses. Education and health services rose by 424,000 and retail surged by 368,000 after plunging by 2.3 million a month previous.

https://www.cnbc.com/2020/06/05/jobs-rep...ter%7Cmain