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US Unemployment Rate Drops to 13.3%, 2.5 Million Jobs Gained in May
Key Points:
Friday's job report stunned analysts as the unemployment rate dropped from 14.7 percent in April to 13.3 percent in May. Markets were anticipating 7.5 million jobs lost with an unemployment rate of 19.5%.
President Trump was in a celebratory mood at the press conference from the White House Rose Garden to announce 2.5 million jobs added to the economy – the most payroll jobs ever added in a single month.
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