US unemployment eases to 13.3% in May, lower than experts projected, as employers add 2.5 million jobs
The economy unexpectedly gained 2.5 million jobs in May after record losses the prior month as Americans returned to work as states began allowing businesses shuttered by the coronavirus to reopen.Economists surveyed by Bloomberg had reckoned that eight million jobs were lost last month.
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Disney Pledges $5M to Social Justice Organizations
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Disney Pledges $5M For NAACP And Other Groups Advancing Social JusticeThe Walt Disney Co. has pledged $5 million in support of nonprofit organizations that advance social justice, beginning with a $2 million donation to the NAACP, amid ongoing protests of the death of George Floyd
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More than $4.5M raised to rebuild Minneapolis' historic Lake Street after protests$4.5 million has been raised to rebuild the historic and diverse Lake Street area of Minneapolis, after it suffered immense damage amid the protests over the killing of George Floyd that have rocked the nation over the past week.
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Disney pledges $5M to support nonprofit organizations that advance social justiceThe Walt Disney Company has pledged $5 million to support nonprofit organizations that advance social justice, beginning with a $2 million donation to the NAACP.
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Pandemic brings 1st Australian recession in 29 yearsAustralia's economy has been growing since mid-1991 with an occasional negative quarter including during the global financial crisis in 2008, when Chinese demand for iron ore and coal quickly reversed the decline.
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European markets head for lower open amid U.S. protests and economic uncertaintyEuropean stocks are expected to open lower Thursday as investors assess the outlook for the global economy after the coronavirus pandemic, while keeping an eye on U.S. protests.
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