The U.S. jobless rate likely soared in May, though there are signs the labor market is slowly mending from the coronavirus pandemic and related shutdowns
The U.S. unemployment rate likely soared in May to a new post-World War II high, though there are signs the labor market is slowly mending from the coronavirus pandemic and related shutdowns.
The Labor Department is set to release its monthly snapshot of employment Friday at 8:30 a.m. ET. Economists project millions of additional jobs were cut last month, on top of the 21.4 million jobs shed in March and April.
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