Unanticipated fall in US unemployment rallies markets

While our unemployment rates are still dismally low, indicating that we must proceed with caution, there is a bit of good news because around 2.5 million jobs were added to the US job market in the month of May. The unemployment rate swiftly fell to 13.3 per cent, which has led to a surge in stocks as the job market defied all odds and predictions. There has been a wave of rehiring in the restaurant industry which helped to lift payrolls. Read the whole report for details.