06/08/2020

Surprisingly Rosy Jobs Report Defies Experts' Expectations

May unemployment falls to 13.3 percent in May

The unemployment rate in the United States dropped to 13.3 percent in May, according to the latest jobs report released today.

Two and half million new jobs buoyed the rate, which experts had predicted would be down more than eight million.

The bit of good news comes as the country begins to rebound from some of suffering dealt by COVID-19. Large-scale business closures and shelter-in-place rules shut down parts of the national and local economies. Companies from coast to coast laid off or furloughed millions of people.

Please select this link to read the complete article from Fast Company.