About 1.5 million laid-off workers applied for U.S. unemployment benefits last week.
The outcome is expected to have a big impact for the estimated 8.1 million LGBTQ workers across the country.
The Federal Reserve said the road back to recovery would be long, dimming some of the optimism investors.
A group of economists declared Monday that the longest expansion on record has ended.
The S&P 500 was up 2.2% after the government said that U.S. employers added 2.5 million workers to their payrolls last month.
The U.S. unemployment rate fell to 13.3% in May, and 2.5 million jobs were added
Rehiring may be offsetting some of the layoffs, but unemployment is still excessively high.
The administration’s actions are expected to weaken the global health organization during the coronavirus pandemic and escalate tensions with China.
Also making news: China’s premier Li Keqiang broke from tradition and did not announce an economic growth target.
Another 2.2 million sought aid under a new program for self-employed, contractor and gig workers.
