The Washington Post Reports: Live updates: Federal unemployment rate drops to 13.3 percent in May, from 14.7 percent in April
The US unemployment rate has dropped from 14.7% in April to 13.3%, as businesses slowly begin to reopen. Additionally, more than 2.5 million jobs were added to non-farm payrolls.
The stock market has taken this improvement in stride, with the Dow Jones industrial average spiking more than 2.7%.
While the stock market continues to improve, Federal health officials have now taken to also improving COVID-19 data.
Federal health officials announced Thursday that laboratories will be required to report race and ethnic data about each person tested for the coronavirus to ensure that those tests are being carried out on an equitable basis.
