After a disappointing jobs report in April, May hiring picked back up, with 559,000 new jobs added. The figure was still less than consensus expectations of 650,000, but reflected a needed boost in the pace of hiring as total employment remains 5% lower than February 2020 levels.
Hiring Picks Up, But Many Still Remain Unemployed
Fears of Overheating Labor Market Appear Premature
By Christine Cooper, Matt Powers
CoStar Analytics
June 7, 2021 | 1:50 P.M.
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