US Labor Market <br />Unexpectedly Improves in May The Labor Department released <br />the May jobless numbers on Friday. There was a 1.4 percent drop <br />in joblessness from 14.7 percent <br />to 13.3 percent. This equates to the addition of <br />2.509 million nonfarm payroll jobs. Surveys reveal that consumer <br />confidence is stabilizing amid <br />the global coronavirus pandemic. Labor Department Statement, via Reuters Economists had predicted <br />a continued fall in unemployment for May. <br />Some expected the jobless rate to reach 19.8 percent. The U.S. stock market <br />made significant gains in early trading <br />on Friday in reaction to the Labor Department numbers.
