Good morning and happy first week of June. Here’s what you need to know for the week ahead in business and tech news. — Charlotte Cowles
What’s Up? (May 30-June 5)
Jobs Return, Gradually
The Labor Department’s latest jobs report showed that the United States added 559,000 jobs in May, roughly doubling the growth recorded in April and bringing the unemployment rate down to 5.8 percent, from 6.1 percent the previous month. That’s good news for the economic recovery, but some would say not good enough. Employment is still well below prepandemic levels, and many employers are struggling to fill open positions, particularly those for in-person work. Some economists believe that expanded unemployment benefits are a disincentive for taking jobs. And most predict that the economy won’t stabilize until those benefits end in the fall, when schools fully reopen and more people are vaccinated.
It was another wild week for…