Unemployment in the United States surprisingly fell in May
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As of: 5:54 p.m. | Reading time: 2 minutes
Donald Trump comments on developments in the US labor market
– – Despite the corona crisis, the US unemployment rate fell in May. Nevertheless, the number remains at a high level. Here you can see how President Donald Trump assesses the development. – –
– The US unemployment rate fell in May despite the coronavirus crisis, but is still very high at 13.3 percent. Millions of new jobs were created in the period. – – – DThe experts did not count on amit: The unemployment rate in the USA has surprisingly decreased despite the continuing consequences of the virus crisis. It fell to 13.3 percent in May from 14.7 percent in April, the government said on Friday. Experts had expected an increase to 19.8 percent. In addition, around 2.5 million jobs were created outside of agriculture. In April, the unemployment rate rose to 14.7 percent due to the pandemic, according to official figures. The corona pandemic has abruptly ended the year-long boom in the US job market and has led to mass unemployment. Last week, 1,877 million citizens applied for government support. For the first time since mid-March, it was less than two million. The consequences of the crisis affected the population groups to varying degrees, and economic inequality increased: the unemployment rate in May was 12.4 percent among white Americans, 17.6 percent among Americans with Hispanic roots and 16.8 percent among African Americans.
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