More huge job losses lift unemployment to 7.1% But maybe we’re over the worst.

Employment fell a further 228k in May, far worse than market expectations for a 79k fall. This means that over the past two months, a massive 835,000 people have lost their job. Unemployment rose to 7.1%, with the rise tempered by more people leaving the workforce, where the participation rate has fallen to 62.9%, its […]