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US employers Add Only 138K Jobs, Unemployment Rate Dips

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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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