Despite the crippling economic fallout from the ongoing coronavirus pandemic, the U.S. unemployment rate fell to 13.3% in May from 14.7% and 2.5 million jobs were added, the Labor Department reported Friday.
The unexpected gains may be an indication of more businesses recalling workers as states ease coronavirus-related restrictions, The Associated Press reported.
However, the department again acknowledged making errors in its count last month after having the same issues in April, conceding that the actual rate is worse than the numbers show, AP reported.
And the jobless rate for whites last month — 12.4% — sharply contrasts those for people of color. For Hispanics, the rate was 17.6%; for Blacks, 16.8%.
Plus, some experts predict the jobless rate could remain in the double-digits into 2021, AP reported.