The government’s May jobs report stunned Wall Street with the largest number of payrolls gained on record and a drop in the unemployment rate during a month when most expected grim comparisons to the Great Depression.
The U.S. leisure and hospitality industry, which suffered its most-brutal month ever in April, posted an eye-popping rebound in May with a net addition of more than 1.2 million jobs, by far the largest one-month increase in the sector’s history.
