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Unemployment Rate Drops Amid Crisis, Sectors Adding Jobs

Unemployment Rate Drops Amid Crisis, Sectors Adding JobsThe 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.

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