It will take time and effort to heal this economy, but the May jobs data from the Bureau of Labor Statistics shows we’re headed in the right direction.
In May, we added 559,000 jobs to the economy, and the unemployment rate was 5.8% – down from 6.1% in April, the lowest it has been since March 2020. This means that our efforts through the American Rescue Plan to support working families, small businesses, child care providers and schools are working.
The number of people experiencing long-term unemployment (more than 27 weeks) dropped by 431,000 – the largest drop since 2011. Am