NEW YORK: America’s labour market unexpectedly rebounded in May, signalling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
Non-farm 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 Labour Department data Friday. The jobless rate fell to 13.3% from 14.7%.
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