Working It

In a welcome glimmer of good news, the jobs report surprised on the upside: “The U.S economy rebounded with surprising strength last month as businesses began to reopen from the coronavirus lockdown. U.S. employers added 2.5 million jobs in May, and the unemployment rate fell to 13.3%.” (Did you ever think you’d see the phrase, the unemployment rate fell to 13.3%?)

+ Wired: The numbers indicate “that the crush of economic devastation from the pandemic might be easing, even as the numbers remain so monstrously large that they’re hard to grasp. So far, we’ve seen a group larger than the entire population of California lose their jobs since March. As the pandemic coverage is swept aside by protests over police brutality and systemic racism, one calculation holds that half of all black adults are now jobless.” A Better Jobs Report Belies America’s Breadlines.

Copied to Clipboard