(CNBC) An astonishing pickup in payrolls during May has rekindled hopes that the economic slump may not be nearly as bad as it looked and could soon give way to an exodus of workers back to their jobs and a sharp broader recovery. Where Wall Street economists were looking for a nonfarm payrolls loss of around 8 million, the month actually saw a gain of 2.5 million.
All of a sudden, people are talking about a V-shaped recovery again:
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