The construction, retail and restaurant sectors led May’s surprising jobs rebound, while the hotel industry continued to suffer. (Getty, iStock)
The U.S. added 2.5 million jobs in May, a surprising bounceback after a March and April that saw 22.1 million total jobs lost and the highest unemployment rate recorded in decades. Experts said the return of restaurant and bar jobs accounted for a large portion of those gains, with construction and retail sectors also seeing boosts. The hotel industry, however, continued to struggle.
The unemployment rate fell last month to 13.3 percent as states reopened their economies, with retailers unlocking their doors after coronavirus stay-at-home orders shuttered nonessential businesses.
“These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus pandemic and efforts to contain it,” the Labor Department said.
Hiring at restaurants and bars, which have been reopening across the country, accounted for about half the gains in non-farm employment, according to the government, with construction and retail sectors also defying economists expectations with their improvement.