Jobs increase by 2.5 million in May
Posted 06/08/2020

From Texas Association of Business

The May numbers suggest an economic upturn may be at hand, reports CNBC.

The numbers: “Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department that was far better than economists had been expecting.”

Beating expectations: “Economists surveyed by Dow Jones had been expecting payrolls to drop by 8.333 million and the unemployment rate to rise to 19.5% from April’s 14.7%.”

A historic jump: “The May gain was by far the biggest one-month jobs gain in U.S. history since at least 1939.”

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Newcomer Guide
Chamber Directory & Map
These premier Chamber publications are widely distributed throughout Nacogdoches County and beyond!
© Copyright 2005-2020 Nacogdoches County Chamber of Commerce. All rights reserved.
2516 North St., Nacogdoches, Texas 75965 • (936) 560-5533
Unless otherwise noted, no part of this website may be reproduced without written permission.