Economy Unexpectedly Adds 2.5 Million Jobs In May

The US economy added 2.5 million jobs, reducing the unemployment rate from 14.7% to 13.3%. The Labor Department attributes this to the reopening of the economy, with significant employment growth in leisure, hospitality, construction, education, health services, and retail. President Trump highlighted the economic recovery, while Joe Biden criticized the premature celebration, noting ongoing challenges. Despite improvements, the economy has a long way to go to return to pre-pandemic levels.

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