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The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
Since the crisis started, more than 33 million people have filed for unemployment.
We’re already seeing the biggest one-month rise in unemployment since 1975.
Today’s jobs report breaks a more than 9-year streak of job gains.
The BLS monthly jobs report is based on surveys conducted in mid-March, before the recent wave of layoffs and furloughs.
Economists are tracking other data for clues about where the economy is headed.
The number, coming before the coronavirus outbreak intensified, crushed expectations.
Smoothing over predictable seasonable ups and downs in unemployment can reveal underlying economic trends.
Jobs that involve caregiving are dominated by women. They also pay less.
Lorraine Woellert of Politico predicts that the change will increase market volatility following some government reports.