Posted on

The U.S. added 559,000 jobs in May, adding to hope about the pandemic recovery.



Share

Daily Business BriefingJune 4, 2021Updated June 4, 2021, 12:52 p.m. ET

–20–15–10–5 million

AprilJuneSept.Jan. ’21

–7.6 million since February 2020
152.5 million jobs in February 2020

Hiring accelerated in May, with the government reporting on Friday that employers added 559,000 workers, about twice the previous month’s gains.The unemployment rate fell to 5.8 percent, the Labor Department reported.As infections ebb, vaccinations spread and businesses reopen, the economy has started to regain its footing, but the path has not been smooth. Job growth bounced up and down in recent months, and may continue its uneven progress throughout the summer, analysts said.“It’s probably going to be a bumpy …

Read More