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Tag Archives: Jobs report

Explainer: May’s jobs report stunner: real deal or head fake?

People who lost their jobs wait in line to file for unemployment

REUTERS, JUNE 6, 2020 WASHINGTON (Reuters) – The U.S. economy unexpectedly added jobs in May, surprising economists and analysts who had forecast millions more losing their livelihoods, and raising hopes of a faster economic recovery than expected. More than 2.5 million people were newly employed last month, the Labor Department reported on Friday, but that follows a record drop of …

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