The Bureau of Labor Statistics (BLS) May 2020 Hiring Situation surprised economists, revealing that 2.5 million jobs were regained last month, significantly higher than the 7.5 million job loss anticipated. The gains come as the economy has begun to open up across the country and the initial economic shock of COVID-19 appears to have stabilized. That said, many economists still believe the road to economic recovery will be long. The unemployment rate edged down to 13.3%.
Within the healthcare sector, 312,400 jobs returned, with gains seen primarily in offices of physicians, healthcare practitioners and dentists. Jobs within ambulatory care settings grew by 375,700, however hospital payrolls fell by 26,700.