Economic experts discuss May jobs report and how unemployment will affect the economy
News 12's Elizabeth Hashagen was joined by economic experts Russell Weaver and Martin Cantor to discuss the economy and answer viewers' questions.
•
Jun 5, 2020, 2:40 PM
•
Updated 1,650 days ago
Share:
News 12's Elizabeth Hashagen was joined by economic experts Russell Weaver and Martin Cantor to discuss the economy and answer viewers' questions.
The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added - a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic.
MORE: 9 tips on filing for unemployment
The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies.
The May job gain suggests that businesses have quickly been recalling workers as states have reopened their economies.
More from News 12
2:16
Heavy rain gives way to a cold blast into Thursday across Brooklyn
1:49
Sudden power outage strands thousands of subway riders in Brooklyn for hours
2:10
Landlord submits rebuild plans as DOB gears up to launch new enforcement unit focused on derelict buildings
1:09
NYPD: 3 suspects connected to citywide jewelry store robbery pattern at large
1:31
Drone concerns take flight in Bay Ridge
0:53
