8 min
Today’s Surprising Unemployment Report Gaining Perspective
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- Investing
This morning we learned that 2.5 million jobs were added in May, and that the unemployment rate fell from 14.7% to 13.3%. That was a surprise to virtually all economic forecasters. That has led some to conclude that this recession, which has not been officially declared, may turn out to be the shortest on record.
This morning we learned that 2.5 million jobs were added in May, and that the unemployment rate fell from 14.7% to 13.3%. That was a surprise to virtually all economic forecasters. That has led some to conclude that this recession, which has not been officially declared, may turn out to be the shortest on record.
8 min