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Black teen unemployment hit a record low of 12.1 percent in May. The May employment report was somewhat weaker than had generally been expected, with the economy adding 559,000 jobs. On the household side, the unemployment rate fell by 0.3 percentage points to 5.8 percent. While this is still high by any reasonable measure, it More

The post Economy Adds 559,000 Jobs in May; Unemployment Drops to 5.8 Percent appeared first on CounterPunch.org.


This content originally appeared on CounterPunch.org and was authored by Dean Baker.

Citations

[1] Economy Adds 559,000 Jobs in May; Unemployment Drops to 5.8 Percent - CounterPunch.org ➤ https://www.counterpunch.org/2021/06/07/204113/[2] Economy Adds 559,000 Jobs in May; Unemployment Drops to 5.8 Percent - CounterPunch.org ➤ https://www.counterpunch.org/2021/06/07/204113/[3] Home - CounterPunch.org ➤ https://www.counterpunch.org/