Very unexpected jobs news this morning. According to the BLS report out this morning, the economy added 2.5 million jobs in May and the unemployment rate actually ticked down slightly to 13.3%. That’s of course mind-boggling high by any normal standard. But I don’t think anyone expected it to be falling. It’s hard to say what the consensus was but many were expecting that unemployment would at least briefly be over 20%.
LATEST
Where Things Stand
Georgia Republicans See Writing on the Wall
06.17.26 | 6:30 pm
News
Trump Upends Plans To Quickly Confirm His Own DNI Nominee, Prompting Intra-GOP QuarrelÂ
06.17.26 | 4:06 pm
Morning Memo
Broadview Six Seek Special Counsel to Probe Trump DOJ
06.17.26 | 11:18 am
News
Fed Chair Kevin Warsh Heads to First Rate Decision Under a Cloud of Distrust About His Independence
06.17.26 | 7:00 am