May's record jobs comeback: Here's where the jobs are in one chart
CNBC studied the net change in employment by industry for May based on data from the Labor Department.
May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus
Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.
Unlike during past economic downturns, Americans have money in their pockets this time
Personal income increased 10.5% in April, the Bureau of Economic Analysis said last week.
The May unemployment rate is expected to be near 20% as millions more lost jobs
About 8 million Americans lost their jobs in May, on top of the 20.5 million in April, and economists see unemployment peaking near 20%.
U.S. productivity falls at 0.9% rate in first quarter
U.S. productivity fell at a 0.9% rate in the first three months of this year, a smaller decline than first estimated, while labor costs rose at a slightly faster pace.
Jobless claims, total unemployment level worse than expected
First-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists surveyed by Dow Jones.
'The Covid-19 recession is over,' says economist Zandi as May job losses not as bad as feared
Finding good news in the loss of another 3 million jobs isn't easy, but the steep drop in private payrolls for May could be a sign that the worst over.
Private payrolls decline by 2.76 million in May, ADP says, a much smaller drop than feared
The reported total was well below the 8.75 million estimate from economists surveyed by Dow Jones. The reason for the wide disparity was not immediately clear.
GDP is now projected to fall nearly 53% in the second quarter, according to a Fed gauge
The GDPNow outlook is now showing a 52.8% tumble, following data that manufacturing remains firmly in decline and will weigh on investment and consumption.