• İstanbul 19 °C
  • Ankara 15 °C

US unemployment rate falls to 13.3%, 2.5M jobs added

US unemployment rate falls to 13.3%, 2.5M jobs added
Data comes as many states are gradually reopening their economies

By Beyza Binnur Donmez

ANKARA (AA) - The unemployment rate in the US has dropped to 13.3% in May, the Bureau of Labor Statistics said Friday in its monthly report.

The economy gained surprisingly 2.5 million jobs after being paralyzed by the global coronavirus pandemic which pushed job losses to Great Depression-era levels.

The unemployment rate declined by 1.4 point from April's 14.7% and the number of jobless Americans fell by 2.1 million to 21 million.

The data came as many states are gradually reopening their economies.

In a press conference, President Donald Trump called Friday's development as "a tremendous tribute to equality".

Vice President Mike Pence told CNBC Friday morning: "We're going to do whatever it takes to get the American people through this pandemic."

Trump also hailed the news on Twitter by saying: "Really Big Jobs Report. Great going President Trump (kidding but true)!"

Meanwhile, the downward trend continues for the weekly jobless claims as nearly 1.8 million American filed last week, according to the Labor Department's Thursday report.

Although the coronavirus outbreak shows signs of slowing down in the US, the country continues to be worst hit by the virus with over 1.87 million cases and more than 108,200 fatalities, according to the running tally of Johns Hopkins University. In all, over 485,000 recoveries recorded.

source: News Feed
This news is a total 17 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim