US labour market unexpectedly improves in May | Malay Mail

Pedestrians walk by the Macy’s flagship store after workers cleaned and boarded up damage sustained during a night of violent protests and looting in Midtown, Manhattan on June 2, 2020 in New York City. ― Reuters pic

The Labor Department’s closely watched employment report on Friday also showed the jobless rate falling to 13.3 per cent last month from 14.7 per cent in April, a post World War Two high. It came on the heels of surveys showing consumer confidence, manufacturing and services industries stabilising. Nonfarm payrolls rose by 2.509 million jobs last month after a record plunge of 20.687 million in April. Economists polled by Reuters had forecast the unemployment rate jumping to 19.8 per cent in May and payrolls falling by 8 million jobs.

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Top supplier Malaysia sees no quick end to shortages in US$8b gloves industry | Malay MailKUALA LUMPUR, June 4 — A global shortage of medical gloves due to a coronavirus-driven surge in demand will carry over into next year, Malaysia, the world’s biggest gloves supplier, said today, warning buyers to be wary of scammers promising quick supplies. World consumption of the personal...
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