559,000 Jobs Added In May

In May, the economy added a significant number of jobs, reducing the unemployment rate to 5.8%. This growth contrasts with April's hiring slowdown, where only 266,000 jobs were added. The increase in May is attributed to the lifting of restrictions and a faster-than-expected return to normalcy amid the pandemic. Notable job gains were observed in the hospitality, leisure, and education sectors.

What was the change in the unemployment rate in May?

• Increased by 0.5%

• Decreased by 0.3%

• Increased by 0.3%

• Remained the same

What was the unemployment rate after the decrease in May?

• 6.0%

• 5.8%

• 5.5%

• 6.2%

How many jobs were added in April?

• 500,000

• 300,000

• 266,000

• 150,000

What was a key factor in the job additions in May?

• Increase in remote work

• Lifting of local restrictions

• Rise in inflation

• Decrease in consumer spending

Which industries saw notable job gains?

• Manufacturing and Construction

• Hospitality and Leisure

• Technology and Finance

• Healthcare and Retail