A version of this story first appeared in CNN Business' Before the Bell newsletter. You can sign up right hereLondon (CNN Business) Record stimulus efforts are facilitating the global recovery from the steepest economic downturn since the Great Depression. What's happening: The US jobs report for May showed that the US economy, which had been expected to shed another 8 million jobs, actually added 2.5 million jobs , pushing the unemployment rate down to 13.3%. Wall Street economists said this indicates that the job market — and perhaps the broader economy — is healing faster than expected. But just because some people are returning to work doesn't mean the heavy lifting from policymakers can end, Brusuelas warned.

Source: CNN June 07, 2020 12:22 UTC