May Jobs Report Shows Surprising Growth
This Abridge News topic aggregates four unique arguments on different sides of the debate. Here are the quick facts to get you started:
THE QUICK FACTS
- In May, the U.S. unemployment rate fell from 14.7% to 13.3%, and 2.5 million jobs were added to the economy. These results surprised many economists who had been projecting unemployment rates near 20%.
- According to the U.S. Bureau of Labor Statistics, "employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline ...