Dow spikes 700 points after jobs-report shocker shows unemployment rate dropped in May
Friday's report hints at widespread stimulus and economic reopenings acting faster than anticipated to lift the US from its deep recession.
"Jobless claims and ADP data have all pointed to an increase in the unemployment numbers, so these numbers will need to be digested," Seema Shah, chief strategist at Principal Global Investors, said."But certainly the initial signs suggest that the reopening of economies has already started to heal the labour market."
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