Falling unemployment rate suggests businesses are bringing workers back amid COVID-19
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Falling unemployment rate suggests businesses are bringing workers back amid COVID-19
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy and depressed the job market 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. There has been other evidence that the job market meltdown triggered by the coronavirus has bottomed out.
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