Amid the Covid-19 pandemic, the US economy seems to have hopes for quick recovery as the job market is rapidly recovering compared to expectations.
In May, the US unemployment rate fell to 13.3%, and the economy gained 2.5 million jobs. The percentage is nothing compared to the millions of Americans that remain unemployed, however, it still shows that the economy has begun to recover. The US economy has seen the worst unemployment rates since the Great Depression, yet, at the same time, it has recorded the largest monthly gain in new jobs since 1939, based on the data series of the Bureau of Labor Statistics.
source : https://www.investingport.com/unemployment-rate-falls-to-133-as-many-return-to-work/
In May, the US unemployment rate fell to 13.3%, and the economy gained 2.5 million jobs. The percentage is nothing compared to the millions of Americans that remain unemployed, however, it still shows that the economy has begun to recover. The US economy has seen the worst unemployment rates since the Great Depression, yet, at the same time, it has recorded the largest monthly gain in new jobs since 1939, based on the data series of the Bureau of Labor Statistics.
source : https://www.investingport.com/unemployment-rate-falls-to-133-as-many-return-to-work/