Home > US employers Add Only 138K Jobs, Unemployment Rate Dips

US employers Add Only 138K Jobs, Unemployment Rate Dips


U.S. employers have pulled back on hiring in May, adding only 138 thousand jobs. However, the gains were enough to help nudge the unemployment rate down to a 16 year-low. The Labor Department said Friday the jobless rate fell to 4.3 percent, which is the lowest level since 2001. The rate declined mainly for a less-than-encouraging reason, in that people stopped looking for work in May, and were no longer counted as unemployed.

Added on the 02/06/2017 10:21:15 - Copyright : Wochit

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