The Labor Department reported Friday that America’s labor market unexpectedly rebounded in May, signaling the economy is picking up faster than thought from the depths of the damage from the coronavirus pandemic.
According to Labor Department data released Friday morning, non-farm payrolls rose by 2.5 million after a 20.7 million tumble the prior month that was the largest in records back to 1939, The jobless rate fell to 13.3% from 14.7%.
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