15.6 C
New York
May 17, 2024
Worship Media
World News

US unemployment sees surprise improvement in May

Woman outside closed California State Employment Development Department office due to coronavirus.Image copyright Getty Images

The unemployment rate in the US improved unexpectedly last month raising hopes that economic damage tied to the pandemic will be less harmful than feared.

The unemployment rate fell to 13.3%, down from 14.7% in April, defying forecasts that it would get worse.

Employers added 2.5 million jobs, as states started to loosen restrictions on economic activity.

Hiring was seen in the hospitality, construction and education sectors.

Click Here to Visit Orignal Source of Article https://www.bbc.co.uk/news/business-52938993

Related posts

US wildfires fuelled by climate change, California governor says

BBC News

Galwan Valley: China accuses India of ‘deliberate provocation’

BBC News

Nigeria: Video of manatee dragged along road sparks outrage

BBC News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy