[size=1.077em]U.S. Jobless Rate Unexpectedly Fell in May as Hiring Rebounded
[size=1.23em](Bloomberg) -- America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic. [size=1.23em]Nonfarm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, according to Labor Department data Friday. The jobless rate fell to 13.3% from 14.7%. [size=1.23em]Read more: Bloomberg’s TOPLive blog on the jobs report
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