Hospitality Industry's Fledgling Recovery Drives Down Unemployment Rate

Hospitality and leisure added 1.2 million jobs in May

Led by gains in the leisure and hospitality industry, the U.S. gained 2.5 million jobs in May, an about-face that stunned economists and financial experts, many of whom predicted U.S. unemployment would reach 20% as the Covid-19 pandemic continues. Instead, the rate declined from a historic high for 14.7% in April to 13.3%

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