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May Jobs Report: +2.5 million, 13.2 pct Unemployment

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, 06-05-2020 at 07:48 AM (500 Views)
May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus

Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand.

Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.333 million and the unemployment rate to rise to 19.5% from April’s 14.7%.
https://www.cnbc.com/2020/06/05/jobs...-may-2020.html

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