Here's why the May jobs report shocked economists that were expecting near-record unemployment and massive losses

Reuters The latest jobs report on Friday showed the unemployment rate fell to 13.7% in May, a development that surprised many economists. It had been projected to hit nearly 20%, a historic high. Economists noted that the level of unemployment would have been three percentage points higher if it had not been for classification issues, and some workers could be returning to their old positions. Visit Business Insider's homepage for more stories. The latest jobs report released on Friday showed th...