Waiting for Another Stimulus Check? What May's Shocking Jobs Report Might Mean
Recently released Bureau of Labor Statistics data showed that the U.S. added roughly 2.5 million jobs in May, a staggering figure considering that most economists anticipated roughly 8 million jobs would be lost in the month. A faster-than-expected recovery for the economy would be great news, but the surprising workforce gains could also have implications for Americans hoping for another round of stimulus checks.
May's employment tracking quickly reframed discussions about the near-term economic outlook in the U.S. and whether Americans should expect another $1,200 direct stimulus payment. The passage of another economic relief bill this year still looks probable, but last month's jobs numbers could play a big role in determining what's included in new stimulus legislation.
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Source Fool.com