A Better Jobs Report Belies America’s Breadlines

Friday’s May jobs report shocked economists and analysts: After weeks of speculation that the new figures might show unemployment topping 20 percent—Great Depression–era levels—according to the Bureau of Labor Statistics, national unemployment dropped from 14.7 percent in April to “just” 13.3 percent. National payrolls, which experts had been predicting might have officially shed another 8…

Details