US labor market recovery picks up steam, adding 559,000 jobs in May

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The US job market recovery picked up some steam in May, with 559,000 positions added back to the economy. The unemployment rate fell to 5.8%.

New York America's job market recovery picked up some steam in May, with 559,000 positions added back to the economy.

It was a second sizable miss of analyst expectations after a big disappointment in April. Economists had predicted 650,000 jobs added in May.The unemployment rate fell to 5.8%, the Bureau of Labor Statistics reported Friday. This is the lowest rate of joblessness since March 2020, when it stood at 4.4% and full effect of the pandemic lockdown hadn't happened yet.Nevertheless, America is still down 7.6 million jobs compared with February 2020.The labor force participation rate stood at 61.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

They 'can't just flip a switch and get everyone back to work tomorrow,' because their objective is to make us Dependant.

Yes, we can flip a switch and have everyone back to work tomorrow, they just refuse to flip that switch. It's up to WeThePeople to flip that switch.

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