USA

May jobless rate falls to 13.3%, likely marking the bottom of coronavirus-related economic slump

The government reported Friday that the unemployment rate dropped to 13.3% last month after soaring to 14.7% in April, an unexpectedly positive turn that indicates the pandemic-induced recession may have hit bottom.

Most analysts had expected the rate would keep rising, perhaps as high as 20%.

But instead employers also added 2.5 million jobs in May after shedding a record-smashing 20.7 million positions the prior month.

The improvement reflects the reopening of businesses in many parts of the country.

Football news:

Kike Of Setian: Of course, we can win the championship. This is evidenced by facts and mathematics
Bartomeu on Messi: We have to renew the contract. Leo told me that he wants to finish his career at Barca
Chelsea are willing to pay Havertz 8 million euros a year and will soon start negotiations with Bayer
Showsport - about the crisis in Barcelona: Bartomeu set up Setien, star senators impose tactics on coaches
Barca President: VAR is being used unfairly. After the restart, there are solutions that help some and harm others
Real want to sign Mbappe for free in 2022. Subscription bonus – 100 million euros
Pep is a great coach, but not a very good driver. For 4 years in Manchester, damaged 4 cars worth more than half a million euros