WASHINGTON, D.C. — The US unemployment rate surprisingly fell to 13.3% in May, as the economy gained 2.5 million jobs.
The labor market rebounded from April’s drastic losses, when a revised 20.7 million jobs vanished. The unemployment rate last month soared to 14.7% as businesses shut during the coronavirus lockdown.
President Trump announced on Twitter that he will be carrying a live press conference to provide an update on the May jobs report. You can watch it here, on FOX31 and on the FOX31 Facebook page at 8 a.m. MTN.