At a surprise event today, President Donald Trump hailed the new job numbers that were predicted to be more bad news, but instead were a serious sign that the Trump economy has got steam and is on its way back.

The national unemployment rate dropped to 13.3 percent in May, down from a record high in April.

This is proof that the nation’s economy is recovering faster than expected from the coronavirus lockdown.

The Labor Department said that employers added a stunning 2.5 million jobs in May, the biggest increase on record ever. Ever!

When President Trump stages a comeback he does not go for half measures. This was after the economy lost a combined 22.1 million jobs in April and March.

Of course, most of the experts were wrong and the president was thought too optimistic. Even he thought the 2nd quarter would be tough but the recovery would begin in the late summer or fall. But no, it starts now. This is also great news for his reelection effort.

The Democrats will have to drop the “depression” line and search for another way to fool the American people.

Economists polled by Refinitiv expected the report, conducted in mid-May, to show that unemployment rose to 19.8 percent in May and that employers would shed eight million jobs.

But no dice.

Trump has the upper hand again.

Other economists were bullish on today’s news. “Barring a second surge of Covid-19, the overall U.S. economy may have turned a corner, as evidenced by the surprise job gains today, even though it still remains to be seen exactly what the new normal will look like,” said Tony Bedikian, head of global markets at Citizens Bank.

But this is what the Associated Press reported before the job numbers came out: “America’s workers likely suffered another devastating blow in May, with millions more jobs lost to the viral pandemic and an unemployment rate near or even above 20% for the first time since the Great Depression… Economists have forecast that the government will report Friday that employers shed 8.5 million more jobs last month on top of 21.4 million lost in March and April.”

It continued, “A figure that large would raise the total losses since the coronavirus intensified nearly three months ago to almost 30 million — more than triple the number of jobs lost during the 2008-2009 Great Recession… The economy has sunk into what looks like a deep recession, and most economists foresee unemployment remaining above 10% — its peak during the Great Recession — through the November elections and into next year.” So much for the economic wisdom of the AP.

Erica Groshen, a labor economist at Cornell University and a former commissioner of the Labor Department’s Bureau of Labor Statistics, said, “My inclination is that it will be a long, slow slog.” Not quite, Erica. A better economist, David Shulman, a senior analyst at the UCLA Anderson Forecast, said if Friday’s employment numbers hold up, “it now looks like April was the bottom,” not May as he had projected.

These job stats also mean the virus downturn has lasted fewer than six months, which would make it the shortest recession since at least the end of the Civil War in the 1860s, according to the National Bureau of Economic Research.

The shortest on record since the Civil War. Let that sink in and get ready for the economy to come back better than ever.

This piece was written by PoliZette Staff on June 5, 2020. It originally appeared in LifeZette and is used by permission.

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