Unemployment Rate Drops As Economy Adds Jobs In May

A surprising jobs report shows the U.S. economy beginning to rebound in May.

While economists feared the unemployment rate would rise as high as 20% in the latest report, it actually fell to 13.3%, with the economy adding 2.5 million jobs last month.

While it's a promising trend, the jobless rate is still at its highest since the Great Depression, with more than 20 million jobs lost since February.

Photo: Getty Images


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