A quick recovery in the labor market signals the shortest recession in US history
Recessions end when the economy begins to grow. Judging by the fastest monthly increase in employment in May (+ 2.5 million) since the end of World War II, the current recession will be the deepest and shortest since the 1930s. Contrary to the gloomy forecast of unemployment rising to 20%, in fact, the indicator fell from 14.7% to 13.3%, which allowed the US stock indices to jump 3%, and the bulls to EUR / USD to take profits. When everyone is buying, there is a great opportunity to sell. The implementation of this principle, optimism about the faster growth of US GDP compared to the global counterpart, and the increase in the yield of treasuries have left the US dollar a shoulder.