The latest jobs report shows that the U.S. economy added more than 2.5 million jobs in May, confounding analysts who had predicted a loss of between 7.5 and 8.5 million jobs. This means the U.S. economy outperformed expectations by over 10 million jobs in just one month.
The unemployment rate, meanwhile, fell to 13.3 percent – a full 1.4 percentage point drop, contrary to fears that it could surge to as high as 20 percent.
As significantly, the unemployment rate ...
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