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The U.S. Labor Department released its May jobs report yesterday, outlining the current state of the US job market and economy 5 months into 2021.

The U.S. economy added back more than half a million jobs in May, creating 559,000 positions, with employment accelerating from April.

President Biden explained on Twitter: “Today’s jobs report shows historic progress for American families and the American economy. We added 559,000 jobs in May, created a record two million jobs in our first four months, and unemployment is at its lowest level since the pandemic started. America is on the move again.”

This is great news for the economy, and please let me know in the comments: what are the job market and employment situation in your neck of the woods?

Meanwhile, the US unemployment rate also fell this month, bringing it to a record-breaking 5.8%, which is the lowest it’s been since the pandemic began.

This is a massive drop from April’s unemployment rate of 6.1% and appears to show America recovering even faster than many economists and politicians predicted.