Unemployment falls slightly in May

The U.S. unemployment rate fell from 4.4 percent in April to 4.3 percent in May, the lowest level it has been in more than 16 years, according to The Washington Post. However, U.S. job growth in May came in below expectations, with employers adding only 138,000 jobs.

Total nonfarm payroll employment increased by 138,000 in May, compared with an average monthly gain of 181,000 during the past 12 months. Employment in health care rose by 24,000; the mining sector added 7,000 jobs; the professional and business services industry added 38,000 jobs; and employment in food services and drinking places grew by 30,000.

Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, financial activities, and government, showed little change during the month.

There currently are 6.9 million unemployed people in the U.S.

Date : 6/8/2017