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US unemployment improvement in May

The US labour market improved unexpectedly in May, raising hopes that the economic damage associated with the pandemic will be less than feared.

The unemployment rate fell to 13.3% from 14.7% in April as companies began to hire again. Companies in the food, construction and healthcare sectors hired staff. In total, employers created 2.5 million new jobs, with education and retail also hiring.

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Atashkadeh