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A ray of hope for the US job market

A ray of hope for the US job market
According to the Bureau of Labor Statistics (BLS) monthly report which was released last Friday, the US unemployment rate fell to 13.3 per cent in the month of May. This is a good sign for the millions of people who lost their jobs due to the pandemic and are in dire need of employment. The fall was more than analysts had anticipated, and even though unemployment is high, it is getting better. That being said, the May rate is still on par with that of the Great Depression which was experienced in 1929-33. Read the whole report here. 

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