05-06-2020 22:03 via feedproxy.google.com

Dow soars 829 points after surprising jobs report shows unemployment fell in May

US equities spiked on Friday after the Bureau of Labor Statistics announced an unexpected decline in unemployment and net job creation in May.
The nation's unemployment rate dropped to 13.3% last month from 14.7%, trouncing economists' projections of a 19% rate.
US employers added 2.5 million payrolls in the period, stunning experts who expected 7.5 million lost jobs.
The hugely optimistic figures supported investors' hopes for a swift economic rebound through the second half of 2020.
Oil rose a
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