World, As Seen from the most beautiful islands: Ireland and Cyprus

More than 2.5 million jobs were added in US, jobless figures still high


Unemployment in the United States fell to 13.3 percent in May. According to the United States Department of Labor, more than 2.5 million jobs were added to the largest economy in the world last month compared to April. The economy was doing much better than expected.

On average, economists had anticipated a loss of 7.5 million jobs, which would bring unemployment to nearly 20 percent. In April, job losses with a revised 20.7 million jobs were seen in the US, with unemployment at 14.7 percent. That was the highest level since the Great Depression.

The US economy is hit hard by the crisis as many companies close their doors and massively expel staff. About 42 million Americans have already claimed unemployment benefits. The US government has announced massive aid packages to deal with the crisis. In addition, restrictive measures against the coronavirus are being gradually relaxed, which may help to restore the US labor market.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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