USA

U.S. unemployment falls to 13.3%, confounding forecasters

U.S. unemployment applications rise again

Unemployment around the U.S. declined slightly in May, falling to 13.3% as the economy showed signs of recovering from the impact of nationwide shutdowns caused by the coronavirus

Employers added 2.5 million jobs last month, the Labor Department said Friday, after April marked the biggest hit to the labor market since records began to be kept in 1948.

The latest figures suggest the labor market has hit bottom and is now rallying, with forecasters predicting that layoffs will ease as states reopen their economies following months of being locked down. 

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