Hiring picked up in May, with employers adding 559,000 jobs and the unemployment rate falling to 5.8%. Yet the encouraging signs for the economy still were short of expectations of a boom as Americ…
rate falling to 5.8%. Yet the encouraging signs for the economy still were short of expectations of a boom as Americans get vaccinated, restrictions are lifted and the country begins to return to normal.is expected to make a statement about the figures on Friday morning and call for passage of massive bills to finance infrastructure and boost workers.
There also were increases in motion picture production and music recording, adding 14,000 jobs, while employment in information industries rose by 29,000. That is still down by 193,000. Overall the economy is still down more than 7.5 million jobs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Hiring Likely Picked Up in May While Unemployment FellHiring in the U.S. is estimated to have accelerated in May, with signs of employers struggling to fill job openings as the economic recovery gained strength. Economists estimate that employers added 671,000 jobs last month after an unexpectedly small increase in April.
Read more »
U.S. economy added 559,000 jobs in May, vs. estimates for 675,000BREAKING: U.S. economy added added 559,000 jobs in May, double April's disappointing 266,000, and the unemployment rate ticked down to 5.8% from 6.1%, as widespread vaccinations allow for the reopening of businesses.
Read more »
Unemployment claims fall below 400,000 for the first time during the pandemicCoronavirus cases are falling fast and so are the number of people losing jobs: New applications for regular unemployment benefits fell below 400,000 in late...
Read more »
Echoing Wall Street action, Asian techs drive mostly higher sessionIn a quiet news week, investors across the globe are watching for a U.S. Labor Department report on Friday that economists forecast will show employers added...
Read more »
Boosting Vaccination Rates Added To Kamala Harris’ Growing PortfolioHarris has already been saddled with the herculean tasks of handling the border crisis and shepherding election reform legislation.
Read more »
Pot users welcome: Amazon won't test job seekers for cannabisAmazon, the second-largest private employer in the U.S., says it will no longer screen job candidates for marijuana as more states legalize cannabis.
Read more »