This is a real shocker. But hooray anyway!
The U.S. economy added 2.509 million new jobs in May, beating market forecasts of eight million lost jobs.
The unemployment rate dipped to 13.3 percent, down from 14.7 percent in April. The market had penciled in a reading of 19.8 percent.
Many sectors of the economy recorded job gains, led by leisure and hospitality (1.2 million) and manufacturing (225,000). Government payrolls shed 585,000.
In pre-market trading, the stock market is booming. The Dow Jones Industrial Average is up 650 points, the S&P 500 and Nasdaq are posting incredible gains. Treasury yields also advanced. Gold and the U.S. dollar slumped on the news.
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And Unicorns can fly.