The American economy gained a record 2.5 million jobs in May. The jobless rate fell from 14.7% to 13.3%, signaling the start of a recovery from the fallout of the coronavirus pandemic. This stands in stark contrast to what analysts had expected to see in May - near 20% unemployment and 8 million jobs lost. We have much work to do to get back to the record low unemployment levels we were seeing pre-pandemic, but this is an encouraging start.