New unemployment claims below two million for first time during COVID

Employment figures unexpectedly rose by 2.5 million in May and the jobless rate declined to 13.3 percent, according to a stunning jobs report showing that the country’s unemployment rate dropped during the COVID-19 pandemic. Economists had been predicting that the Labor Department report on Friday would reveal the unemployment rate had increased to a record 20 percent and about eight million jobs had been lost. Instead, the Labor Department’s closely watched monthly employment report showed the jobless rate dropped to 13.3 percent last month from 14.7 percent in April.  Nonfarm payrolls rose by 2.5 million jobs after a record plunge of 20.6 million in April. President Donald Trump immediately took credit for the rise in jobs just moments after the report was released, tweeting: ‘Really Big Jobs Report. Great going President Trump (kidding but true)!’

Original Article: http://www.dailymail.co.uk/news/article-8392071/Jobless-rate-declines-13-3-employment-rises-2-5million.html
Original Video: http://www.dailymail.co.uk/video/news/video-2186352/Video-Unemployment-claims-dip-two-million-time-pandemic-began.html

Daily Mail Facebook: http://facebook.com/dailymail
Daily Mail IG: http://instagram.com/dailymail
Daily Mail Snap: https://www.snapchat.com/discover/Daily-Mail/8392137033
Daily Mail Twitter: http://twitter.com/MailOnline
Daily Mail Pinterest: http://pinterest.co.uk/dailymail
Daily Mail Google+: https://plus.google.com/+DailyMail

Get the free Daily Mail mobile app: http://dailymail.co.uk/mobile

Guest Author

The articles published by the Guest Authors are the opinions of these writers. We encourage strong writers to write content related to getmybuzzup to share with our viewers.

Next Post

NFL Players REACT to Drew Brees' Apology after His Kneeling Comments (Including an ANGRY LeBron)

Fri Jun 5 , 2020
#DrewBrees #NewOrleansSaints #NFLReaction If you’re new, Subscribe! → http://bit.ly/Subscribe-to-TPS Today we present, NFL Players REACT to Drew Brees and His Apology after Flag Comments (Including an ANGRY LeBron) And don’t forget to leave your video ideas down in the comments below, we’re looking and we’ll give you a shout out […]