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 1,665 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
1:34
NYC Parks helps people recycle holiday trees in Brooklyn
2:16
Sunny and cold with light winds in Brooklyn; rainy weekend ahead
0:23
NYPD: 80-year-old man found dead in water in Bay Ridge
0:29
FDNY: 2 injured in Brighton Beach building fire
1:44
NYS Health Department: Flu is widespread with cases up 72% in New York City
1:13
