U.S. jobless claims declined for the fifth week in a row to 385,000
Growth in April and May accelerated despite supply disruptions
Visible minorities and Indigenous people were more likely to receive the benefit
The boost was aided by the loosening of public health restrictions
The unprecedented figure was caused by an equally unprecedented economic shock
That's a pullback from the 4.7% spending surge in March, but the drop was expected
Many economists are forecasting that the U.S. economy will grow between 6% and 7% this year
The number of weekly applications for jobless aid has fallen by more than half since January
Portfolio managers warn that economic optimism could be inflating equities valuations
The uneven impact of the pandemic on certain sectors, workers must be addressed, he said in a speech