This morning’s major economic news was the release of May’s Employment report at 8:30 AM ET. It revealed that the U.S. unemployment rate stood at 13.3% last month, down from April’s 14.7%. Forecasts were all calling for an increase, not a decline, with the consensus above 19%. The other shocking number was the 2.51 million jobs recovered during the month when approximately 8 million jobs were thought to be lost. These numbers indicate that the employment sector, and possibly the overall economy, are in much better shape than previously thought.