Exports of goods from the United States jumped from $90 billion in May to more than $102 billion in June, an eye-popping 14-percent gain, reducing the trade deficit by six percent.
The Bureau of Labor Statistics announced on Friday that wholesale prices dropped by 0.2 percent in June. Economists were expecting an increase of 0.4 percent.
Wall Street celebrated its best quarter since 1987, with the Dow gaining 17 percent from April through June, and private-sector employment increased by more than 2.3 million from May to June.
Wall Street gurus are saying the brief bear market in stocks is over, and the economy will quickly rebound to all-time highs as the bull market continues.
Gun stores nationwide are reporting a sharp upsurge in sales amid first the COVID-19 scare and now the civil unrest occurring due to the death of George Floyd in police custody in Minneapolis.
The jobs report showed the resiliency of the U.S. economy, contrasted with those predicting more job losses and higher unemployment.