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Stunning. Nonfarm payrolls rose by 2.5 million in May and the unemployment rate fell to 13.3%. Wall Street estimates had been for a decline of 8.3 million and a jobless level of 19.5%, which would have been the worst since the Great Depression era.

"The COVID-19 crisis is simultaneously thrusting Americans into the pre-urban homestead economy of the 1830s, re-creating the Depression-era joblessness of the 1930s, and pulling forward the virtual economy of the 2030s," @DKThomp  writes:

Experts were talking about whether or not we would get to 20 percent unemployment this morning, which would be edging into Depression Era levels. But instead, unemployment clocks in at a (relatively) low 13.3%, which is a huge piece of good news.

The Department of Labor’s report Friday of a decline in the unemployment rate to 13.3 percent in May — instead of a rise to Depression-era levels — gave Republicans fresh ammunition to move slowly on a new aid package.

U.S. unemployment rate drops in May but stays at Depression-era level

JUST IN: The U.S. economy added 2.5 million jobs in May and the unemployment rate fell to 13.3 percent, roundly beating economist expectations of Great Depression-era figures.

The COVID-19 crisis is simultaneously thrusting Americans into: - the pre-urban homestead economy of the 1830s - the Depression-era joblessness of the 1930s - levels of e-commerce predicted for the 2030s We are living in the weirdest economy ever.

May Jobs Report Threatens Great Depression-Era Unemployment Rate, But Analysts See Upside Potential From ADP Data@mdbaccardax 

Dow Futures Surge Ahead of May Jobs Report As Global Stocks Push Higher; Great Depression-Era Unemployment Rate In Focus @mdbaccardax 

"The COVID-19 crisis is simultaneously thrusting Americans into the pre-urban homestead economy of the 1830s, re-creating the Depression-era joblessness of the 1930s, and pulling forward the virtual economy of the 2030s," @DKThomp  writes:

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More than 40 million people have filed for unemployment, U.S. unemployment rate the worst since the depression era, people been home for months waiting for a 1200 stimulus check OF COURSE THEY GOING TO LOOT. America so damn clueless to the plight of the poor.

Closing a major Centrelink office with just over a day's notice while the country suffers Depression-era joblessness is utter incompetence and a savage attack on people in need of help.

38 million Americans are out of a job. America is experiencing depression era unemployment. This isn’t a red or blue state issue. The federal government has a moral & ethical obligation to provide aid states & cities need to recover from this pandemic.

Sen. McConnell said the GOP has not 'yet felt the urgency of acting immediately.' Let me repeat. With millions sick and tens of thousands dying, With depression-era levels of unemployment, Sen. McConnell said the GOP has not 'yet felt the urgency of acting immediately.'

H. Ross Perot, who rose from Depression-era poverty to become one of the nation's richest men as the founder of computer services giant Electronic Data Systems Corp, has died. Perot drew nearly 19% of the vote in the 1992 presidential election.

Saturday's @washingtonpost  shows the estimated unemployment rate stretching all the way back to 1890. The headline: "Unemployment worst since Depression era"

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Krugman: U.S. almost surely headed for Depression-era unemployment

H. Ross Perot, the self-made Texas billionaire who rose from a childhood of Depression-era poverty and twice ran for president as a third-party candidate, has died.

Question - The $12bn in emergency aid for farmers will come in a direct assistance program created during THE DEPRESSION (no need for Congressional approval) If our economy is STRONGER THAN EVER- why are we using depression era emergency support?

Bonnie Parker and Clyde Barrow, circa 1933. The couple who's crime spree captivated Depression-era America.

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