Surprise job additions in May boost US market
It is possible that US unemployment peaked in May, while analysts thought this would only happen in June
05 June 2020 - 17:33
Bengaluru/Gdansk — US stock indices jumped on Friday, with the Nasdaq Composite less than 1% away from a record high, after a closely watched report showed surprise job additions in May, lending weight to hopes of a faster economic rebound from a coronavirus-led slump.
Data from the labour department showed nonfarm payrolls rose 2.509-million jobs last month after a record plunge of 20.687-million in April, while the unemployment rate unexpectedly fell to 13.3% in May from 14.7% in April...
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