Economists had been warning that unemployment in May could hit 20% or more, rivaling what was seen during the depths of the Depression in the 1930s. But the U.S. unemployment rate fell unexpectedly just to 13.3%, and in the White House Rose Garden, President Trump says some states saw businesses recall workers faster than economists had predicted during the coronavirus pandemic.
The U.S. unemployment rate fell unexpectedly in May to 13.3% _ still on par with what the nation witnessed during the Great Depression _ as states loosened their coronavirus lockdowns and businesses began recalling workers faster than economists had predicted. The government said Friday that the economy added 2.5 million jobs last month, driving unemployment down from 14.7% in April. For weeks, economists had been warning that unemployment in May could hit 20% or more, rivaling what was seen during the depths of the Depression in the 1930s, but they were wrong.
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