The US economy added only 75,000 jobs in May, a surprisingly low number that was well below what experts had predicted. But the unemployment rate remained at 3.6%, meaning joblessness is still hovering near a half-century low.
Meanwhile, the unemployment rate remained at 3.6%, meaning that joblessness is still hovering near a half-century low. The report supports suspicions that the labor market is finally slowing down from its blistering pace in 2018, with revisions to the past two months subtracting 75,000 jobs. Employers have added 164,000 jobs per month on average in 2019, compared with 223,000 jobs per month last year.
282051282051285%; } } The share of people who have jobs or are looking for them remained the same, suggesting that the low number may stem from the difficulty of finding workers after 104 months of continuous job creation. The share of people who can't find enough hours or stopped looking for work because they couldn't find a job decreased to 7.1%, nearing the lowest level on record, 6.8% in October 2000.
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