Huge Shocker of a Jobs Report Released, Media Experts Got It Incredibly Wrong

AP Photo/Patrick Semansky

 

When I say shocker, I mean it here.

The jobs report was released this morning with the expectation being that we’d see a 20% unemployment rate. The New York Times and Politico were already warming up, putting out tweets predicting doom.

The actual numbers turned out to be so far off their predictions that you have to wonder what good these “experts” are at this point.

Instead of losing 7.8 million jobs, we gained 2.5 million. The unemployment rate, instead of rising to 19.5%, dropped to 13.3%. This looks to be the beginning of the V-shaped recovery some more optimistic onlookers have talked about.

That makes sense. Many states, especially across the south, saw large scale reopenings begin about a month ago. While restrictions on mask usage and crowd sizes largely remained in place, it was also a foregone conclusion that many jobs would return as businesses reopened even partially. That’s likely what we are seeing. The harder lift will be replacing the jobs for businesses that went under completely.

All of that seemed fairly obvious, even as the coronavirus was in full swing, though our experts are so negative, and often so politically influenced that they couldn’t entertain such a thought. Of course, this welcome news can’t actually be welcomed by the left, so we are getting conspiracy theories instead. I’m already seeing them in masses in any timelines noting the good numbers.

We’ll see how Democrat governors respond. Given their complete ignoring of social distancing this past week as they egged on massive protests, will they now pretend they need to remain locked down in some capacity going forward? Or will they do the logical thing and continue to let this recovery continue? We’ll find out, I guess.