June 5, 2021 Share
The U.S. economy gained 559,000 jobs in May, the Labor Department reported Friday, as it continues to recover from the COVID-19 pandemic that forced employers to layoff millions of workers.
Last month’s gains topped April’s revised total of 278,000 new jobs, improving the jobless rate from 6.1% to 5.8%.
“We have now created over two million jobs in total since I took office, more jobs than have ever been created in the first four months of any presidency in modern history,” U.S. President Joe Biden said at a media briefing in his home state of Delaware after the report was released.