US NFP grew 2.5m, unemployment rate dropped to 13.3%

<p>US total non-farm payroll employment grew 2509k in May, well above expectation of -8000k decline. BLS said the improvements in the labor market reflected a “limited resumption of economic activity” curtailed in March and April due to coronavirus pandemic. Unemployment rate dropped to 13.3%, down from 14.7%, beat expectation of 19.6%. Number of unemployed persons […]</p>
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