World »  Topic »  Andy Puzder: Falling jobless rate shows economy is recovering from coronavirus closures, as Trump predicted

Andy Puzder: Falling jobless rate shows economy is recovering from coronavirus closures, as Trump predicted


Video

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.

UNEMPLOYMENT RATE DROPS TO 13.3% IN MAY, SIGNALING RETURN OF US JOBS

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 ...


Read the full text foxnews