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Blue chart showing economic growth over dollars and coins. Source: Shutterstock.

NAFCU and CUNA economists were encouraged that job creation improved in May, but said the pace indicates it will take longer for the economy to recover all the jobs lost since COVID-19 was declared a pandemic in March 2020.

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm employment rose by a seasonally adjusted 559,000 jobs from April to May. Notable job gains occurred in education, health care, social assistance, and the broad “leisure and hospitality” segment dominated by restaurants.

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Jim DuPlessis

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