A surprisingly positive jobs report was released today by the U.S. Department of Labor as 2.5 million jobs were added and the unemployment rate dropped in May.
The unemployment rate dropped to 13.3% in May from a record high of 14.7% in April. That lower rate was a result of the highest number of jobs added in a single month in U.S. history according to FoxBusiness.com.
While there is still a long way to go for jobs and the U.S. economy, this unexpected news is a positive indication that the rebound could happen faster than previously predicted.
You can see the Department of Labor May 2020 jobs report here.
Do you think the economy will rebound quickly or will it take a long time?
By: Buck Stevens
