The U.S. economy added 2.5 million jobs in May, stunning experts who anticipated losses on the scale of the Great Depression. I joined CBS This Morning: Saturday to discuss the new 13.3% unemployment rate and the outlook for Americans and the country as it recovers from the coronavirus pandemic.
Here’s my piece from Sunday Morning as I chat with Harvard professor Kenneth Rogoff for a historical perspective of this week’s 6.6 million new jobless figures.
The latest jobs report shows the unemployment rate was down to 3.9 percent in April, the lowest level since December 2000. But wages are only up 2.6 percent from a year ago. I joined the CBS Evening News to explain what that means for workers.
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