Friday, June 1, 2018

Nonfarm payrolls increase by 223,000 in May, vs 188,000 estimate

The U.S. economy continued to add jobs at a solid clip in May, with nonfarm payrolls up 223,000 while the unemployment rate fell to 3.8 percent, the Bureau of Labor Statistics reported Friday.

Economists had been expecting payroll growth of 188,000 and the jobless rate to hold steady at 3.9 percent. . . . more