Unemployment Fell in May, Defying Expert Predictions

Health Trackers > Latest News > Unemployment Fell in May, Defying Expert Predictions

Unemployment Fell in May, Defying Expert Predictions

Economists thought they knew what to expect from the May jobs report, but most were shocked to learn that unemployment actually decreased. Forecasts showed another 8 million jobs were likely to be lost. Instead, employers added 2.5 million jobs, making May the best single month for job growth since the Bureau of Labor Statistics began tracking unemployment data in 1939.

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