Welcome to the Three Martini lunch.

Grab a stole next to Greg Carumbus of Radio America and Jim Garrity of National Review.

Three Martini's coming up.

It is Friday, so glad you're with us. Three Martini's coming up.

It is Friday, so glad you're with us on the Three Martini lunch. Your stool is prepared and we head into the weekend with good, bad, and crazy Martini's.

And Jim, we are once again sponsored today by Tommy John. Tommy John has the perfect

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Jim let's talk about our good martini and boy was it good.

Let's talk about the expectations first of all coming into today's jobs

report from the month of May. Most experts expected a net job loss in the month of

8.33 million dollars and the unemployment rate to rise to just below 20 percent.

It finished April at 14.7 percent.

That is not the news we got. Here's the

NBC. Payrolls rose by 2.5 million. The

unemployment rate declined to 13.3%. This is a huge gain, a huge upside beat for this jobs report.

Improvements in the labor market reflected a limited resumption of economic activity,

the BLS says, that had been curtailed in March and April

due to the coronavirus pandemic and efforts to contain it. In May employment

rose sharply in leisure and hospitality, construction, education and health services, and retail trade, by contrast, employment

in government continue to decline sharply.

So instead of going up to 19 point something percent, down to 13..3 instead of losing over 8 million jobs

...