XJO 0.88% 7,959.3 s&p/asx 200

Fri, 5 June -- Risk Off, page-128

  1. dct
    3,506 Posts.
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    When you see words like experts and consensus don't even bother reading the story...…..the media is a mass deception tool.....

    ‘GRIM MILESTONE’: Wash Post Blasted For Claiming Unemployment Rate Hit 20%


    The Washington Post just can’t stand when good things happen during the Trump administration.


    On Friday, the Labor Department reported that U.S. unemployment rate dropped to 13.3% for the month of May.


    Dow Jones experts had predicted the rate would soar to 19.5% with another 8 million jobs lost, but the economists were completely wrong. The economy actually created more than 2.5 million jobs in May, the Labor Department reported. The May gain was by far the biggest one-month jobs gain in U.S. history since at least 1939.


    But The Post, owned by billionaire Jeff Bezos, fired out a post on Twitter claiming the May U.S. unemployment rate was close to 20 percent, just minutes after the actual report showed the rate had dropped.


    “Grim milestone to be reached as May unemployment rate nears 20 percent,” the Post wrote in a now-deleted tweet to accompany a now-rewritten story that once had the same inaccurate headline based on those “expert” predictions.

 
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