Unemployment Rate Falls to 13.3%, US Adds 2.5 Million Jobs

The unexpected drop in unemployment suggests that businesses have quickly been recalling workers as states have reopened their economies.

  • Published 5 June 2020

[template id="245201"] WASHINGTON (AP) — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic. The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies. Other evidence has also shown that the job market meltdown triggered by… Read at AP News