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WE HAVE NOT SEEN SINCE THE GREAT DEPRESSION AND THAT MAY EVEN TELL JUST A PORTION OF THE STORY. I WANT TO GET TO NBCS TOM COSTELLO WHO IS IN WASHINGTON FOR US THIS MORNING, COVERED THESE JOB NUMBERS FOR MANY, MANY YEARS INCLUDING DURING THE GREAT RECESSION. YOU AND I COVERED IT TOGETHER, TOM. DO WE HAVE THE NUMBER YET FROM THE LABOR DEPARTMENT. WE DO. IT APPEARS TO BE A STUNNER, MUCH BETTER THAN EXPECTED. NONFARM PAYROLL EMPLOYMENT ROSE BY 2.5 MILLION JOBS IN MAY. UNEMPLOYMENT RATE FALLING TO 13.3%. THAT IS DOWN docHubLY. WE HAD FEARED A WEEK OF 20% UNEMPLOYMENT RATE. IN FACT, IT HAS DROPPED, DROPPED FROM 14.7 DOWN TO 13.3%. WE FEARED WE MAY HAVE AS MANY AS 8.3 MILLION JOBS LOST IN MAY. IN FACT, THAT IS NOT THE CASE. THE UNEMPLOYMENT RATE DROPPING IN MAY. THE TALK ALL ALONG HAS BEEN THAT MAY OR JUNE COULD BE THE TIME WHEN WE START TO SEE THINGS TURNING AROUND AS BUSINESSES START TO REOPEN. THE QUESTION IS WHETHER THE HEADWIND IS GOING TO BE LIKE FOR THE ECONOMY GOING THROUGH T
