The federal unemployment rate dropped in May for the first time since the coronavirus sent the economy into a tailspin, the strongest sign yet that the economic damage is bottoming out — although 21 million people remain out of work.
Democracy Dies in Darkness
Unemployment rate drops and 2.5 million jobs added, after states reopened
In surprising turnaround, the economy is showing solid signs of stabilizing
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June 6, 2020 at 10:22 a.m. EDT