US stock markets tumble as another 1.5m file for unemployment

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US stock markets tumble after another 1.5m file for unemployment and coronavirus cases hit 2m

US stock markets tumbled on Thursday as the labor department announced another 1.5 million people had filed for unemployment benefits and the number of coronavirus infections passed 2m even as states across the US continued to relax their quarantine measures.

 

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Part of this is the realization that the unemployment figures for April and May probably were understated due to a 'classification error' and that the corrected figure for April would have been 19.5% and 16.1% for May.

Trump cheering every rally and ignoring every slump is so on brand for him. He’s a child who can’t process bad news.

The reality of the speed of the recovery is setting in.

No way. Trump said it was greatest economy ever 😮

ALL Need to know about coronavirus !!! coronaviruses are named after the Latin word 'corona', which means crown, because they ....... COVID19

How would George Floyd feel about that Donald?

Covid going up in the US..... Wonder why🤣

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