US unemployment rate drops to 13.3% in May

courtneyk/iStockBy CATHERINE THORBECKE, ABC News (WASHINGTON) -- The U.S. unemployment rate fell to 13.3% in May, slightly below the April high of 14.7%, according to data released Friday by the U.S. Bureau of Labor Statistics.The U.S. economy added 2.5 million... Read More.

US seeing the cost of late unemployment benefits

glegorly/iStockBy VICTOR ORDONEZ and LAYNE WINN, ABC News(NEW YORK) -- A couple million more Americans applied for unemployment benefits last week -- leaving nearly one in five Americans unemployed amid the COVID-19 pandemic.A lingering and indisputably important question enters... Read More.