US shocks economists by adding 2.5 million jobs in May as unemployment declines to 13.3%
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US Bureau of Labor Statistics on Friday said US employers added 2.5 million payrolls in May, a shocking figure that defied economist expectations for 7.5 million jobs lost.
Meanwhile, the unemployment rate declined to 13.3%, bucking forecasts expecting a near-record 19%, the the. The prior month's 14.7% reading was the highest since the Great Depression of the 1930s.
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