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We have some surprising reports this morning in relation to unemployment, which was up 2.5 million jobs. The Street was looking for a loss of 7.5 million jobs. It caught the market by surprise. Economists were shocked as unemployment declined to 13.3%.
The recovery of unemployment was faster than expected, which is very positive for the economy, decreasing the risk of a global depression. The surprising shift from jobs lost to jobs added shows potentially that this demand that was eliminated could come back into the economy with a vengeance. The government’s stimulus