Mary Margaret Olohan on June 5, 2020 The U.S. economy gained 2.5 million jobs in May, while the unemployment declined to 13.3%, according to Department of Labor data released Friday. Total non-farm payroll employment rose by 2.5 million in May, according to the Bureau of Labor Statistics report,and the number of unemployed persons fell by…
LISTEN TO TLR’S LATEST PODCAST: By Ted Goodman The U.S. economy added 138,000 new jobs in May, according to the jobs report released by the Bureau of Labor Statistics Friday. The labor force participation rate fell slightly to 62.7 percent during President Donald Trump’s fourth full month in office, continuing to trend at its lowest rate since the…
LISTEN TO TLR’S LATEST PODCAST: By Robert Donachie U.S. household debt in the first quarter of 2017 topped levels reached during 2008’s Great Recession. The total debt held by U.S. households grew to $12.73 trillion in the first three months of 2017, $50 billion above the previous peak in 2008, according to a report released Wednesday by the…