The U.S. added a stronger-than-expected 390,000 new jobs in May, signaling the labor market and broader economy are still going strong. The increase in employment was the smallest in 13 months, but economists said employment growth was bound to slow.
The numbers: The U.S. added a stronger-than-expected 390,000 new jobs in May, signaling the labor market and broader economy are still going strong despite some fraying around the edges.
The unemployment rate was unchanged at 3.6%, the government said Friday, and remained just a tick above the pre-pandemic low. Yet if the jobs market cooled off too much, it could dampen consumer spending and add to growing worries about a recession. Economic growth is all but certain to decelerate owing to higher interest rates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US employers added 390,000 jobs despite fears of slowdownUS employers added 390,000 jobs in May, representing a robust but slower pace of hiring, according to the Bureau of Labor Statistics' monthly jobs report released Friday.
Read more »
Breaking: US Non-farm Payrolls rise by 390K in May versus 325K expected gainThe US economy added 390,000 jobs in May, according to the latest Non-farm Payrolls (NFP) report released by the US Bureau of Labour Statistics on Fri
Read more »
US added 390,000 jobs in May as hiring remained robustU.S. employers added a healthy 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure.
Read more »
May jobs report: US economy added 390,000 jobs - CNN VideoUS employers added 390,000 jobs in May, representing a robust but slower pace of hiring. Watch CNN's ChristineRomans break down the Bureau of Labor Statistics report here:
Read more »
U.S. Added 390,000 Jobs In May As Unemployment Remained Unchanged At 3.6%The U.S. economy added 390,000 jobs in May, beating expectations, amid concerns that the market could be in for some turbulence. Unemployment remained unchanged at 3.6%. President Joe Biden is expe…
Read more »
US economy sees solid job growth in May as payrolls jump by 390,000The U.S. economy continued to see healthy job growth in May, indicating the labor market is still strong despite headwinds from rising interest rates, soaring inflation, a worsening labor shortage and fears of a slowdown.
Read more »