“Defying predictions, economy gains 2.5M jobs and unemployment dips to 13.3%…”
June 17, 2020
“The economy unexpectedly gained 2.5 million jobs in May after record losses the prior month as states began allowing businesses shuttered by the coronavirus to reopen and many Americans returned to work.
The unemployment rate fell to 13.3% from April’s 14.7%, which was the highest since the Great Depression. The monthly increase — the largest ever — defied expectations. Economists surveyed by Bloomberg had predicted that eight million jobs would be shed last month following 20.7 million losses in April…”