U.S Labor Force On Fire, May Numbers Set Records

The unemployment rate ticked down to a seasonally adjusted 3.8%, matching April 2000 as the lowest reading since 1969, the Labor Department said Friday. Nonfarm payrolls rose a seasonally adjusted 223,000 in May, a jump from gains from March and April. Average hourly earnings ticked up to a 2.7% from a year earlier—and raises were even stronger for nonmanagers, WSJ reported.

The unemployment rate for women, 3.6% last month, was the lowest since 1953, when far smaller share of women sought jobs. The jobless rates for blacks, Latinos and those without high-school diplomas are trending near record lows

The unemployment rate for black workers hit new record lows in May, the Labor Department’s Bureau of Labor Statistics reported Friday.

Black unemployment fell sharply to 5.9 percent, beating out the 6.6 percent record low that was set a month earlier, Washington Examiner explained

 

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