New jobs number,s US employers added 75,000 jobs in May
June 7, 2019 |
The Labor Department says the modest increase follows a healthier gain of 224,000 in April. Hiring in the previous two months was revised lower by a combined 75,000. The unemployment rate remained at a nearly 50-year low of 3.6%. The job gains in May were the fewest since February.In the first five months of this year, hiring has averaged 164,000 a month, a solid pace that is enough to lower the unemployment rate over time. Still, that’s below last year’s pace of 225,000.Wages rose 3.1% from a year earlier, down slightly from last month’s gain of 3.2%.
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