05 June 2020
HealthDay Reports: Pandemic-Battered U.S. Economy Makes Rebound, As Jobless Numbers Fall
In the month of May, 2.5 million jobs were added as some Americans warily crept back to work.
Pandemic-Battered U.S. Economy Makes Rebound, As Jobless Numbers Fall
FRIDAY, June 5, 2020 (HealthDay News) -- Federal data released Friday offered signs of hope on the economic front, as jobless numbers actually fell -- from 14.7 percent in April to 13.3 percent in May.
The economy, hit hard by stay-at-home orders and shuttered businesses tied to the coronavirus crisis, ended up adding 2.5 million jobs in May, as some Americans warily crept back to work, The New York Times reported.
It was very welcome news: According to the Times the unemployment rate in April was the highest seen since the federal government began keeping record after World War II.