Seventy-three percent of the unemployed report being on temporary layoffs. The May jobs numbers were considerably better than most analysts had expected with the economy reportedly adding 2,509,000 jobs, while the unemployment rate fell by 1.4 percentage points to 13.3 percent. This improved labor market picture should not have been surprising since many businesses across … Continue reading Employment Jumps 2.5 Million in May, as Unemployment Falls to 13.3 Percent