WASHINGTON — The U.S. employment picture deteriorated further in May, with the economy losing 49,000 jobs in the month and the unemployment rate rising to 5.5 percent from 5 percent in April — the largest increase since February 1986 — the Labor Department reported Friday.
Department stores lost 14,900 jobs to employ 1.5 million, continuing a pattern of declining employment numbers. Specialty stores gained 1,300 jobs to employ 1.5 million, after cutting 1,000 positions in April.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"