"The unemployment rate fell to an 18-year low in May and employers steadily added jobs, signs of enduring strength for the labor market.
U.S. nonfarm payrolls rose a seasonally adjusted 223,000 in May, the Labor Department said Friday. The unemployment rate ticked down to 3.8%, matching April 2000 as the lowest reading since 1969.
Wages in May improved modestly, growing 2.7% from a year earlier.
Economists surveyed by The Wall Street Journal had expected 190,000 new jobs and a 3.9% unemployment rate.
Revised figures show employers added 159,000 jobs in April and 155,000 in March, a net upward revision of 15,000. Through the first five months of the year, employers have added an average of 207,000 workers to payrolls, outpacing 2017’s average monthly growth of 182,000. That runs counter to economists’ expectation for hiring to broadly ease as the labor market tightens."
https://www.wsj.com/articles/unemployment-rate-falls-to-18-year-low-solid-hiring-in-may-1527856298
U.S. nonfarm payrolls rose a seasonally adjusted 223,000 in May, the Labor Department said Friday. The unemployment rate ticked down to 3.8%, matching April 2000 as the lowest reading since 1969.
Wages in May improved modestly, growing 2.7% from a year earlier.
Economists surveyed by The Wall Street Journal had expected 190,000 new jobs and a 3.9% unemployment rate.
Revised figures show employers added 159,000 jobs in April and 155,000 in March, a net upward revision of 15,000. Through the first five months of the year, employers have added an average of 207,000 workers to payrolls, outpacing 2017’s average monthly growth of 182,000. That runs counter to economists’ expectation for hiring to broadly ease as the labor market tightens."
https://www.wsj.com/articles/unemployment-rate-falls-to-18-year-low-solid-hiring-in-may-1527856298