US adds jobs in surprise good news on Covid-19 crisis

07 June 2020 - 00:09 By

The US regained 2.5-million jobs in May and the unemployment rate dropped as coronavirus shutdowns began to ease, raising hopes the economy could recover from the crisis sooner than expected.

The labour department report on Friday, which showed the jobless rate shrink to 13.3% from 14.7% the month before, defied even the most optimistic expectations among economists, who had been expecting job losses of more than 8-million and a jobless rate of 20% or higher...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.